Wellington House, 3-5 Wellington Road, Bilston, Wolverhampton, WV14 6AA

Freehold Investment / Development Opportunity

Property details

Type Office
Tenure Freehold, subject to vacant possession.
Price Offers based on £475,000
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Features
  • Substantial Freehold building with rear car parking & grounds
  • Potential for a variety of uses including residential conversion (STP)
  • Approximately 6,700 sq. ft. (622.67 sq m)
  • Prominent corner location
  • Rear access and parking available via Caledonia St
  • Close proximity to Midland Metro
  • Freehold offers based on £475,000
Description

The property currently comprises a substantial 1880’s constructed two storey office building with a 1900s extension to the rear. 3 & 5 Wellington Road combine to afford approximately 6,700 sq. ft. ( 622.67 sq m) of office accommodation over ground and first floors with a rear single story extension together with courtyard and car park.

Location
The property occupies prominent corner location at the junction between Wellington Road (A41) and Caledonia Street. The property is within easy access of the busy A41 Oxford Street Island which links to the main A463 Black Country Route leading directly to Junction 10 of the M6 Motorway. There are a variety of national and local retailers / businesses in the locality including Post office, Iceland, Morrison’s Superstore, multiple food providers, commercial & residential estate agents, and hair & beauty specialists, along with many other commercial entities, and a high volume of residential occupation in the local vicinity. Bilston has a Shopping Centre and good bus/tram links nearby. Bilston is a town within the Borough of Wolverhampton, bordering both Sandwell and Walsall. It is approximately 4 miles from Wolverhampton Town Centre and 10 miles North west of Birmingham City.
Accommodation
3 Wellington Road ( approximately 3,300 sq. ft.)
Ground floor – Reception/entrance, Offices, kitchen, WC’s
First Floor – Kitchen, storage,

5 wellington Road ( approximately 3,400 sq ft)
Ground Floor – Insular offices, plant room, WC’s , boardroom
First floor – Offices and staff WC’s

External
Rear courtyard & onsite car park.
Tenure
Freehold, subject to vacant possession.
Price
Offers are invited based on £475,000 for the Freehold interest.
Business Rates
3 wellington Road - £25,250.
5 Wellington Road - £23,750.
Services
All mains are installed and the property benefits from gas central heating throughout. Prospective buyers should make their own independent enquiries as to the suitability of services for their particular requirements.
VAT
All prices quoted are exclusive of any VAT that may be payable.
EPC
Available upon request.
Legal Costs
Each party is to be responsible for their own legal costs that may be incurred in this transaction.
Anti Money Laundering
In line with mandatory anti-money laundering regulations, two forms of identity alongside proof of funds will be required from the successful purchaser.