Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
17 miles north-west of Birmingham, 39 miles north-east of Worcester
Roads
A4150 (Ring Road), A454, M6, A41, A449
Rail
Wolverhampton Railway Station
Air
Birmingham Airport, Coventry Airport
Situation
The property is situated in a prominent position on the corner of Castle Street and Piper’s Row within the town centre’s principal leisure circuit and approximately 150 metres from the Mander Shopping Centre and directly opposite the City’s recently redeveloped Bus Station as well as a 450 space car park. Nearby occupiers include Walkabout Bar, Nando’s and Wave Bar.
Tenure
Freehold.
Location
Miles
17 miles north-west of Birmingham, 39 miles north-east of Worcester
Roads
A4150 (Ring Road), A454, M6, A41, A449
Rail
Wolverhampton Railway Station
Air
Birmingham Airport, Coventry Airport
Situation
The property is situated in a prominent position on the corner of Castle Street and Piper’s Row within the town centre’s principal leisure circuit and approximately 150 metres from the Mander Shopping Centre and directly opposite the City’s recently redeveloped Bus Station as well as a 450 space car park. Nearby occupiers include Walkabout Bar, Nando’s and Wave Bar.
Tenure
Freehold.
Description
The property comprises a substantial and prominent corner building comprising nightclub and ancillary accommodation in the basement, and on the ground and first floor.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial and prominent corner building comprising nightclub and ancillary accommodation in the basement, and on the ground and first floor.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
10 years from 01/03/2012 on a full repairing and insuring lease with a tenant option to extend for 5 years (1)
£57,000
01/03/2017 (2)
Totals
1,419.27 sq m
(15,277 sq ft)
£57,000
(1) The lease is subject to a photographic schedule of condition. (2)As to the 15th March 2017 rent review, the lease provides for the rent to be reviewed to the greater of £65,000 per annum exclusive or Open Market Rental Value subject to a maximum increase to £90,000 per annum exclusive.
