Lot 81
    Mixed Use
    96 & 108 High Street
    Wednesfield, Wolverhampton, West Midlands, WV11 1SZ
    Sold for £195,000
     
    Number 1
    A Commercial & Residential Investment Producing £18,340 per annum

    Tenure

    Freehold

    Location

    The property forms part of an established parade of shops on the High Street which is the main shopping thoroughfare in Wednesfield. Nearby multiples include Barclays Bank, Boots Pharmacy, Gregs and numerous others. Transport links are provided by Wolverhampton rail station.

    Description (2nd Column)

    The property comprises a mid terrace building formed over ground and two upper floors currently arranged as a ground floor lock up shop with auxiliary storage on the first floor and a one bedroom self-contained second floor flat.

    Note (2nd Column)

    We understand from the vendor that Extra Care Trust Limited have occupied the premises for the last 15 years.

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Annual Rent
    96 High Street Ground
    First
    Shop Area (1,029 sq ft)
    Storage Area (434 sq ft)
    Let on a 15 year FRI Lease to Extra Care Trust Limited renewed for 5 years on 15/03/2017. £14,500
    108 High Street Second Reception Room, Bedroom, Kitchen, Bathroom (Flat Not Inspected) Let on an Assured Shorthold Tenancy (Holding over) at a rent of £320 pcm (Holding Over) £3,840
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