Approximately 160.12 sq m (1,724 sq ft) of commercial floor space
Prominent position on prime pedestrianised retail thoroughfare
Nearby occupiers include Co-Operative Bank, The Carphone Warehouse, Oasis and McDonald's
Lot 15
Auction 27th May 2010
Rent £69,000 per Annum
Status Sold
Price £765,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Population
236,600
Miles
?12 miles north west of Birmingham
7 miles west of Walsall
20 miles east of Telford
Roads
?M6, M54, M5
Rail
?Wolverhampton
Air
Birmingham International
Situation
The property is prominently situated on the east side of Dudley Street, Wolverhampton's prime pedestrianised retail thoroughfare. Nearby occupiers include Co-Operative Bank, The Carphone Warehouse, Oasis and McDonald's.
Tenure
Freehold.
Location
Population
236,600
Miles
?12 miles north west of Birmingham
7 miles west of Walsall
20 miles east of Telford
Roads
?M6, M54, M5
Rail
?Wolverhampton
Air
Birmingham International
Situation
The property is prominently situated on the east side of Dudley Street, Wolverhampton's prime pedestrianised retail thoroughfare. Nearby occupiers include Co-Operative Bank, The Carphone Warehouse, Oasis and McDonald's.
Tenure
Freehold.
Description
The property comprises a GROUND FLOOR RETAIL UNIT with STAFF AND STORAGE ACCOMMODATION on the first floor and a RESIDENTIAL FLAT on the second floor with three rooms, kitchen and bathroom. VATVAT is applicable on this lot.NB. This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a GROUND FLOOR RETAIL UNIT with STAFF AND STORAGE ACCOMMODATION on the first floor and a RESIDENTIAL FLAT on the second floor with three rooms, kitchen and bathroom. VATVAT is applicable on this lot.NB. This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
GREGGS PLC (on assignment from and guaranteed by DX COMMUNICATIONS LTD) (1)
15 years from 25/12/1999 on a full repairing and insuring lease
£69,000
25/12/2009
Not Measured
Totals
160.12 sq m
(1,724 sq ft)
£69,000
(1) For the year ending 27th December 2008, Greggs plc reported a turnover of ?628,196,000, pre-tax profits of ?49,470,000 and a net worth of ?155,697,000. (Source: www.riskdisk.com 28/04/2010)
