Dog & Doublet, North Street, Wolverhampton, WV1 1RE | Property for sale | Savills
232.26 to 278.71 sq m(2,500 to 3,000 sq ft)
Excess of £365,000($429,824)

Dog & DoubletNorth Street, Wolverhampton, WV1 1RE

  • Freehold

Key features

  • Freehold Bar Investment
  • Let to Banus Blue Ltd
  • Current rent £28,000 per annum
  • Let on a 20 year lease from November 2022
  • Business unaffected by sale
  • Site area of approximately 0.05 acres
  • We are seeking offers in excess of £365,000
  • Rear External Terrace
  • First & Second Floor Staff Accommodation
  • City Centre Location

Freehold Bar Investment

About this property

  • Description
    The Property comprises a three storey mid terraced building of brick construction.

    To the rear is a small decked area for 15 customers.

    Viewings
    All viewings must be arranged strictly by appointment with the sole selling agents Savills.

    Terms
    We are instructed to invite offers in excess of £365,000.

    The business will continue to trade unaffected from the premises during the marketing of the property and post completion of the sale.

    Tenure
    The Property is held freehold.

    The entire Property is let on a 20 year lease to Banus Blue Ltd commencing 4th November 2022. Current rental of £28,000 per annum, subject to annual RPI linked rental increases.

    VAT
    It is envisaged that the Property will be sold as a TOGC so the transaction should therefore be exempt from VAT.

    Planning
    Our enquiries of the local authority have revealed that the Property is not listed and is within a Conservation Area.

    Rateable value
    The subject Property is listed within the 2017 Rating List with a rateable value of £62,500.

    Planning
    Our enquiries of the local authority have revealed that the Property is not listed and is within a Conservation Area.

    Fixtures & Fittings
    The fixtures and fittings are currently owned by the occupational tenant.

Local information

  • The Property is located in Wolverhampton, a city and Metropolitan Borough in the West Midlands.
  • Wolverhampton is situated off the M54 and M6 motorways, 14 miles north west of Birmingham.
  • The Dog & Doublet is situated fronting North Street in the city centre. The immediate locality is commercial in nature with surrounding leisure and late night venues. To the nearby Queen Square is the Mander Centre shopping centre.

Available space

Namesq ftsq mAvailability
Unit - Whole site2,178202.34Available