Office for sale

Chapel Court, Market Street/Queen Street, Wolverhampton WV1


Guide price
£1,250,000
S.O.A.

Features

  • Freehold

Description

For Sale By Public Auction on 08 December starting at 09:00 am - Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only. You must pre-register to bid no later than 12 Noon on Tuesday 7th December.

A Prime Freehold, Well Let City Centre Investment with Future Redevelopment Potential, subject to obtaining the necessary planning permission
Current Rental Income: £145,966 pa.


The property comprises a prominent end of terrace three storey building plus basement, the majority of which is office use occupied by the Secretary of State for Communities and serving as the Wolverhampton Job Centre Plus, with a single retail unit occupied by Merkur Slots UK Ltd.
The accommodation which is well presented throughout extends to approximately 18,784 sq.ft. (1,745 sq.m.). There is a service yard accessed from Castle Street to the rear of the property.

Tenure
Freehold Subject to the following tenancies.
Location
The property occupies a prime position fronting Market Street with return frontages to Queen Street and Castle Street within the heart of Wolverhampton City Centre and within close proximity of the Mander and Wulfrun Shopping Centres, Wolverhampton Grand Theatre, Crown Court, Wolverhampton College, coach and railway station.
Within the immediate vicinity, there is an excellent mix of local and national retailers, bars, restaurants and coffee shops.
The City of Wolverhampton is centrally located within the West Midlands Connurbation, lying approximately 17 miles north west of Birmingham City Centre. It benefits from excellent access to the national motorway network via Junction 10 of the M6 motorway.

Value Added Tax
We understand that VAT is not chargeable upon this transaction.

Energy Performance Rating
See legal pack.

Auctioneers Note
Please note offers may be considered prior to the Auction Sale.

Viewing Times
Strictly by appointment with the Auctioneers.

Categories

Offices
Call
Property reference
RP98915121_1051