Commercial Property in Wolverhampton
Units 4, 5, 6, 6B, 7A, 7B, 8 and 10, Chancel Industrial Estate, Hickman Avenue, Wolverhampton WV1 2UH
- Lot No: 92
- Property Type: Commercial Property
- Contract Type: Unconditional with Fixed Fee
Guide Price* £385,000+ plus fees
Property Description
A freehold commercial investment opportunity comprising 8 units, part let and offering potential for redevelopment (subject to planning permission). Current income £16,380 per annum. There is potential for a substantial increase. Tenancy Details: We were not able to visually inspect the individual units but have been verbally advised of the following income details. Interested parties are advised to see the legal pack for clarification. Unit 4 - Ground Floor - Vacant. Unit 5 - Ground Floor - Vacant. Unit 6 - Let out to a Transport Operator at £365 per calendar month. Unit 6b - Vacant. Unit 7a/7b - Vacant. Unit 8 - Let out to a Bus Operator at £1,000 per calendar month. Unit 10 - Vacant.
Note
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Draft Sales Details
These sales details are awaiting vendor approval.
Tenure
Freehold
Auction Details
Date 29th June 2023
Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
Lot Information
Contact Us
If you have any questions, call our team on 0800 046 5454