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Open Plan Office Space For Sale , The Pressworks, 36-38 Berry Street, Wolverhampton, WV1 1HA

446 Sq Mt / Offices

For Sale - £575,000.00

Available - Last updated: 03 October 2022

The property comprises a four-storey brick-built serviced office block, with local public car parks nearby. The premises contains cellular offices across the three floors with an open plan office space within the mezzanine fourth floor. Access is served via internal stairwells as well as shared W/C facilities and kitchens across the first two floors. The property offers fully serviced office accommodation and is currently let to 17 tenants all on licence agreements and currently producing an income of £72,000.00 per annum.

Location

The property is located within Wolverhampton City Centre, just off Pipers Row and situated within the artist quarter of the City Centre. The premises is a short walk from Wolverhampton Train and Bus stations, and in close proximity to national and local retailers, banks and public houses

Accommodation

Basement Offices - 728 sq ft

Ground Floor - 1,520 sq ft

First Floor - 1,022

Second Floor - 1,173 sq ft

Mezzanine Office - 419 sq ft

Total - 4,862 (including hallways, kitchen and W/C facilities)

Terms

Rates Any interested parties must ensure that they are satisfied with the up-to-date rating assessment via the Valuation Office Agency (VOA) and in respect of actual Rates Liabilities and potential reliefs available, with the local authority.

Terms Offers are invited in excess of £600,000 for the freehold purchase of the property

 

Specification

• RARE FREEHOLD INVESTMENT OPPORTUNITY
• GROSS PASSING RENT TOTALLING £72,000 PER ANNUM
• CITY CENTRE LOCATION
• HIGH YIELDING

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £575,000.00 NA

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Contact agents

Harvey Pearson

Hexagon Commercial Property

01384 660498



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