LONG LEASEHOLD AVAILABLE
The property is arranged over over two storeys with the ground floor providing the main retail area with staff/ancillary area to the rear. The first floor provides further staff and storage accommodation. Tenure The property is held on a long leasehold interest expiring 28 September 2074. Ground Rent There is a current ground rent payable under the long lease of £1,850 per annum. Price £65,000 for the benefit of the long leasehold interest. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £13,250 and the rates payable are £6,413 pa. The UBR for 2016/2017 is 48.4p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
The building is situated in the Whitmore Reans suburb of Wolverhampton which is approximately 0.5 miles to the north west of the city centre. The unit sits within a purpose built neighbourhood shopping precinct, facing a surface car park. The precinct is predominantly occupied by local retailers and national retailers that are present include Greggs, William Hill and Sue Ryder.