2-4 Lloyd Hill, Penn, Wolverhampton, West Midlands
Price on application  

  • Penn Garage (Mr B Archer): 15-year term from 14 March 2018 achieving a rent of £10,500 per annum exclusive of usual tenant’s outgoings for use as a Car Repair Workshop.
  • Convenience Store (Singh & Nagpal on assignment): 15-year term from 11 November 2016 achieving a rent of £22,500 per annum exclusive of usual tenant’s outgoings for use as a Retail Grocery and Convenience Store.
  • Richards Tiling Ltd: By informal agreement, currently paying a rent of £13,500 per annum exclusive of all usual tenant’s outgoings for use as Offices and Stores.
  • A total of £46,500 income produced per annum.

Description -

The investment site consists of Richards Tiling Ltd, a Convenience store (Trading as Spar) and MOT Bay/Car Workshop. The site also benefits from a surfaced car park. The convenience store has an open semi-circular layout used for retail display and sales with rear stores, office, kitchen and toilet.

Richards Tiling includes a small showroom area, stores, entrance to first floor and adjoining covered yard to the side, on the first floor there are 3 offices, kitchen, shower room/WC. They also have a single bay for storage. The garage contains a MOT workspace, offices and w/c facilities.

Location -

The property is located approx. 3 miles south west of Wolverhampton City Centre a local shopping area that serves a large and popular residential suburb of Wolverhampton. Lloyd Hill forms part of the very busy A449 dual carriageway that connects to the Wolverhampton City Centre ring road. The property has a prominent frontage to Lloyd Hill (A449) together with a return frontage to the side road (Springhill Lane) which leads to neighbouring residential areas.

 

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