132 Cannock Road, Wednesfield, Wolverhampton, West Midlands, WV10 8PW
Guide Price* : £110,000
Vacant Retail Unit
Upon Instructions of
- Vacant Retail Unit with flat above
- Prominent Position
- Formerly occupied by Nationwide
The property comprises a single retail unit with a prominent frontage in the Scotlands area of Wolverhampton.
The property is a former Nationwide Building Society Branch and is therefore arranged with a sales area to the front with some partitioned offices/booths. To the middle of the property there are some further offices with a kitchen and toilets to the rear. The total floor area of the ground floor is approximately 961 sq ft (89.3 sq m).
There is a vacant flat to the first floor of approximately 738 sq ft (68.6 sq m), which is accessed from the rear.
It is envisaged the property would let relatively easy with strong demand from a variety of local tenants who would look to occupy such a prominent location.
The property is located circa 2 miles to the North East of Wolverhampton city centre on a prominent position on the A460 (Cannock Road).
A mix of national and local retailers occupy the neighbouring units including Greggs, Tesco Express and McDonalds.
City Of Wolverhampton - www.wolverhampton.gov.uk
We understand the electricity meters for both the retail space and the flat are within the retail unit. Whilst the gas meter for the flat is found within the bathroom cupboard. These were not seen by the Auctioneers.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
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The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton January 2022
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
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