Key Information
- Freehold available at £1,000,000
- Prominently located car showroom with adjacent display area on 0.6 acres (0.24 Ha)
- Annual daily traffic flow of 36,000 vehicles along Stafford Street
- Suitable for a variety of alternative uses, subject to planning
- Offers in the region of £1,000,000
The premises comprise a Land Rover car showroom with a handover area and office space on the ground floor. The showroom features a fully carpeted floor, suspended ceiling with inset lighting, customer toilets, electric roller shutter and emergency lighting. It also benefits from a staff area, meeting rooms and document storage at basement level. The overall site area is 0.6 acres, with a surfaced display area adjacent. The site may also be suitable for other uses, subject to planning.
Location
The premises are located 15 miles north west of Birmingham in Wolverhampton, a city with a population of approximately 250,000. The University of Wolverhampton is home to c.25,000 students, with various student accommodation schemes as well as the University City Campus all located in close proximity to the site. The premises have a prominent frontage onto the east side of Stafford Street (A449), close to its junction with Cannock Street (A460), both of which are main arterial roads. The site is less than a mile from the city centre and its ring road and is close to the newly refurbished Phoenix Retail Park, comprising 80,000 sqft of retail space with tenants including JD Gyms, Home Bargains and Food Warehouse. The vacant site adjacent has planning for 572 studios as well as 60 cluster flats with 4+ bedrooms.
VAT
All figures quoted are exclusive of VAT.
Rates
The property was removed from the rating list on 1st April 2023. It was previously listed as; Description; Car Showroom and Premises Rateable Value; £69,000 Source: VOA
EPC
The premises have an EPC assessment of E - 115.
Legal Costs
Each party is to bear their own legal costs incurred as party of any transaction.
Accommodation
Measurements are quoted on a Gross Internal basis in accordance with the RICS Property Measurement Second Edition. 4 display spaces, 65 spaces on adjacent land. The showroom sits on a site of 0.21 acres and parking area comprises 0.39 acres.
Planning
It is our understanding that the property has planning permission for its use as a car showroom which falls under "Sui Generis" Use Class under the Town & Country Planning (Use Classes) Order 1987 and its subsequent amends. The property maybe suitable for alternative uses, subject to planning consent. Interested parties should make their own enquiries through City of Wolverhampton Council.
Viewing
Viewings are by appointment with sole agents Innes England.