A pair of substantial vacant freehold retail premises with upper floors, which may be suitable for a variety of uses or redevelopment, subject to obtaining the necessary planning consents
This property comprises two retail units located at the junction of Cleveland Street and Worcester Street. Access is conveniently available from the junction at Nos. 1-2 Worcester Street, while No. 3 can be accessed from Worcester Street via roller shutters. The property presents an excellent opportunity for a variety of uses, including the potential for residential accommodation to the upper floors, subject to obtaining the necessary planning consents.
Location
The property occupies a prominent position on Worcester Street in Wolverhampton city centre, within an established commercial and retail pitch. The immediate surroundings feature a broad mix of national and independent retailers, food, leisure and service operators, generating strong levels of pedestrian activity throughout the area. Wolverhampton’s main shopping and civic amenities, together with the railway and bus stations, are all readily accessible. With excellent public transport and road connectivity, the location provides a strong commercial setting for investors seeking a city-centre property with an established occupier and customer base.
Accommodation
Ground Floor: Retail Area formerly used as office space, Further Five Rooms, Kitchen.
First Floor: Ancillary Areas/Offices.
Second Floor: Ancillary Areas/Offices.
The property has the benefit of having a gas fired central heating system and double glazing, however it is in need of refurbishment.
Energy Performance Rating
E & D.
Planning
The property may be suitable for a variety of uses, subject to obtaining any necessary planning consents. All interested parties should make their own enquiries with Wolverhampton City Council Planning Department and satisfy themselves as to any use they may propose.
Auctioneer's Note
In addition to the purchase price, the purchaser will be required to pay the Council's professional/legal fees of £2,500 plus VAT.
At the time of publication, the Auctioneers were unable to conduct a comprehensive internal inspection of the properties and therefore, the accommodation details should not be relied upon.
Please note that the administration fee for this lot is £3,500 plus VAT.
