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Residential Investment - Under Offer - please contact the office to discuss your requirement.

Investment Under Offer 3-8 Marsh Lane Parade, Stafford Road, Oxley, Wolverhampton WV10 6RT

£1,000,000 for the Freehold (please check the VAT status)

8,747 Sq Ft (812.6 Sq M)

Key Features - Under Offer

  • Sale: £1,000,000 for the Freehold (please check the VAT status)
  • 8,747 Sq Ft (812.6 Sq M)

  • 6x Class E retail units
  • 6x 2 Bed duplex apartments
  • Fully let
  • Producing £98,640 pa
  • Popular retail parade
  • Few voids locally
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Where is the Investment located?

Oxley is a suburb of Wolverhampton, West Midlands, and a ward of Wolverhampton City Council. It is situated in the north of the city, bordering South Staffordshire and the Bushbury North, Bushbury South and Low Hill, St Peter's and Tettenhall Regis wards. It forms part of the Wolverhampton North East constituency. 10.2 miles from Walsall and 2.5 miles from Wolverhampton Town Centre.

Description

Mixed-use investment producing £98,640 per annum. Purpose-built block comprising a terrace of 6 shops together with 6 first floor, self-contained, two-bed, duplex apartments.

How has the accommodation been measured?

The accommodation has been measured on a Net Internal Area (NIA), measured in accordance with the RICS Code of Measuring Practice.

Floor Sq Ft Sq M
Unit 3 - Retail GF 776 72.09
Unit 4 - Retail GF 729 67.72
Unit 5 - Retail GF 789 73.3
Unit 6 - Retail GF 778 72.28
Unit 7 - Retail GF 760 70.6
Unit 8 - Retail GF 708 65.77
Apt 3a - First Floor Flat 656 60.94
Apt 4a - First Floor Flat 678 62.99
Apt 5a - First Floor Flat 624 57.97
Apt 6a - First Floor Flat 678 62.99
Apt 7a - First Floor Flat 624 57.97
Apt 8a - First Floor Flat 678 62.99
Total8,478788

Planning

We believe the Units 3-8 has been used under Class E - Commercial, Business and Service of the Town and Country Planning (Use Classes) Order 1987 (as amended) but may be subject to a range of professional uses STP. We believe Flats 3a - 8a have been used under Class C3 Dwellinghouses. All parties should confirm the planning position with the relevant Local Authority.

Services

All mains services with the exception of gas are connected to the property.

What is the Ratable Value?

Each of the shops are listed separately on VOA.gov.uk. with the following RV:

Unit 3 = £8,800
Unit 4 = £8,000
Unit 5 = £8,700
Unit 6 = £8,600
Unit 7 = £8,600
Unit 8 = £8,100

Subject to status, tenants may qualify for 100% rates relief. Each of the apartments are assessed separately, each with a Council Tax band of A.

How is the accommodation offered?

Freehold

The block is offered for sale subject to occupational leases of the ground floor and AST's of the apartments. A tenancy schedule is available from the agent.

Price

£1,000,000 for the Freehold. Please check the VAT status.

VAT

All figures are quoted exclusive of VAT, we are advised the property is registered for VAT which is applicable at the prevailing rate.

EPC

Unit 3 = D (78)
Unit 4 = E (113)
Unit 5 = D (82)
Unit 6 = C (63)
Unit 7 = D (94)
Unit 8 = C (63)

Apt 3a = E (40)
Apt 4a = E (53)
Apt 5a = E (42)
Apt 6a = E (53)
Apt 7a = E (42)
Apt 8a = E (47)

What are the viewing arrangements?

Please check our website for a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.

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Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Paper Copying Licence

100062569

Note

Plans, maps and drawings are not to scale.

Particulars Updated

17-Aug-2023

Omeeto

Please check our website for a suite of photos, videos and virtual tour. Users can also access various property documents.

Units for Let Unit 3 internal layout

Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.

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Map showing location of property
Chris Wright

Contact

Chris Wright
01332 840328
07471 072799
chrisw@omeeto.co.uk

Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.

Annotated Plan
Annotated Plan
Units for Let
Units for Let
Unit 3 internal layout
Unit 3 internal layout
Unit 4 internal layout
Unit 4 internal layout
Unit 7 internal layout
Unit 7 internal layout

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