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For Sale - 6 Retail & 6 Flats

3-8 Marsh Lane Parade, Stafford RoadOxley, Wolverhampton, WV10 6RT

£1,350,000 Guide price

8,747 Sq Ft (813 Sq M)

Key Features -

  • Sale: £1,350,000 Guide price
  • 8,747 Sq Ft (813 Sq M)

  • 6x Commercial Retail Units.
  • 6x 2 Bed, Residential Flats.
  • Rental Income of £98,640pa
  • Prominent Retail Parade
  • Extension Potential for the Apartments
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Location

Oxley is a suburb of Wolverhampton, West Midlands, and a ward of Wolverhampton City Council. Its area code is WV10. 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 residential and commercial freehold opportunity. Offering an attractive ROI for investors. This fully let investment has long-term tenancies in place. Potential extension opportunity on the first-floor flats. This 12 property investment is not to be missed.

Accommodation

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 807 74.97
Unit 4 - Retail GF 807 74.97
Unit 5 - Retail GF 807 74.97
Unit 6 - Retail GF 818 75.99
Unit 7 - Retail GF 785 72.93
Unit 8 - Retail GF 785 72.93
Unit 3a - First Floor Flat 656 60.94
Unit 4a - First Floor Flat 678 62.99
Unit 5a - First Floor Flat 624 57.97
Unit 6a - First Floor Flat 678 62.99
Unit 7a - First Floor Flat 624 57.97
Unit 8a - First Floor Flat 678 62.99
Total8,747813

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.

Tenure

Freehold

Properties to be sold by way of Freehold.

Price

Sale: £1,350,000 Guide price

Service Charge

The service charge schedule is available via Data Room.

VAT

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

Viewing

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

28-Jul-2022

Omeeto

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

Front of Property Retail & Flats Drone Photo

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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Caine Gilchrist

Contact

Caine Gilchrist
07946022760
caineg@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.

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