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Agent's details

6 School Street, WV1

For sale: £250,000.00|2,114 Sq Ft|Leisure Property, General Retail, Licensed & Leisure, Retail

Property details

FOR SALE£250,000.00
SIZE2,114 Sq Ft
ADDRESS6 School Street, Wolverhampton, WV1 4LR
TYPELeisure Property, General Retail, Licensed & Leisure, Retail
TENUREFor Sale Freehold
POSTED ON7th March 2024

Description

Key Points

  • Open Plan
  • Split over 2 storeys
  • Vacant former bar
  • License for bar/restaurant
  • Summary

    A Vacant Freehold City Centre Bar/Restaurant Premises

    Description

    The property comprises a vacant former Bar / Restaurant premises in Wolverhampton City Centre. The largely open plan space is split across 2-storeys and benefits from access points on both School Street and Fold Street.

    We understand the property also has a premises licence having formerly ran as a bar /restaurant.

    Location

    The property occupies a prominent position on the corner of School Street and Fold Street in Wolverhampton City Centre. The property is located within the inner ring road (A4150) and just off the newly pedestrianised Victoria Street. It is a short walk to the Wulfrun and Mander shopping centres, and sits just behind the former Beatties building which will soon be undergoing redevelopment.

    Wolverhampton Train and Metro Stations are located about ½ a mile away, in addition to a number of car parking options in close proximity.

    Terms

    We are inviting offers in excess of £250,000 for the freehold interest

    VAT

    All figures’ quotes are exclusive of VAT which is not payable.

    Business Rates

    Rateable Value = £10,500

    We understand the property qualifies for exemption under Small Business Rates Relief, subject to tenants’ eligibility.

    Services

    We are advised that all main services are connected.

    The agent has not checked and does not accept responsibility for any of the services within this property and would suggest that any occupier satisfies themselves in this regard.

    Planning Use

    We understand that the unit has planning permission under use class E.

    The property may be suitable for alternative uses subject to
    obtaining the necessary planning consent.

    Legal Costs

    Each party are to be responsible for their own legal costs incurred during this transaction.

    Anti Money Laundering (AML)

    In accordance with Anti-Money Laundering Regulations, we will require two forms of ID from the successful applicant.

    Availability

    The property is available immediately upon completion of legal formalities.

    Viewings

    Strictly via the sole agents Siddall Jones.

    Location

    marker
    Location: 6 School Street, Wolverhampton, WV1 4LR

    Wolverhampton (0.6 miles)

    Coseley (3.4 miles)

    Bilbrook (3.4 miles)

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