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FOR
SALE
19
MARSH LANE
OXLEY
WOLVERHAMPTON
WV10 6RU |
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Retail
unit let to Willstan Racing Limited ( formerly Stanley
Racing Limited ).
The property is located at the junction of Marsh Lane
and the A449 Stafford Road which links Wolverhampton
city centre with junction 2 of the M54 motorway.
Marsh Lane Parade is a local shopping parade within a
largely residential area.
Rental income: £12, 675 per annum.
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Accommodation: |
Floor
Area Approx. 90.01 sq
m (969 sq ft)
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Lease Details: |
Tenant:
Willstan Racing Limited ( formerly Stanley Racing
Limited ).
Lease Term: 25
years from 15th December 1994
Rent: £12,675
per annum
Rent Reviews: Five
yearly. Next review 2009.
Repairs and Insurance: Effectively
full repairing and insuring by way of service charge.
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Tenure:
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Freehold
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Price: |
Offers are
invited in the region of £250, 000 plus VAT. A purchase
price at this level represents a gross yield of £5.07%
(initial net yield of 4.93% after costs of 2.75%).
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VAT: |
The
premises are registered for value added tax.
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Viewing: |
Further
details can be obtained from commercial property
solutions
Tel:
02890451225
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Download
brochure: |
Marsh Lane Parade 1.8.06.pdf
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