Investment, For Sale
Investment at Croxstalls Road, & Croxstalls Avenue, Bloxwich, Walsall, WS3 2XU &, WS3 2PJ.
Details
Property reference:
CA/BP/2545/KMC
Address:
Investment at Croxstalls Road, & Croxstalls Avenue, Bloxwich, Walsall, WS3 2XU &, WS3 2PJ.
Location:
The two sites are situated opposite each other on Croxstalls Avenue and Croxstalls Road, approximately 1/2 mile west of Bloxiwch High Street and all its amenities. The immediate area is a mix of industrial, commercial and residential properties. Bloxwich itself lies approximately 3 miles from Walsall and access to the M6 motorway at junction 10 is approximately 3.5 miles away.
Description:
The Croxstalls Avenue site dates back to around 1960 and comprises 5 units. There is a communal yard with parking and access from Croxstalls Avenue, with Unit 3A having access off Croxstalls Road. There are also 3 containers on this site which are let on monthly licences.
The second site is accessed from Croxstalls Road and comprises two detached industrial units built around 2009 together with a further piece of land which is currently occupied by 8 storage containers, again let on monthly licences. There is potential to develop this area of land, subject to the necessary Planning Permissions.
Detailed Specification
- Size: 22,440 sq ft (2,084.7 sq m)
- Price/ Rent: Offers Around £1,350,000 plus VAT
- Accommodation:
All measurements are approximate:
UNIT No. SQ FT SQ M EPC 1 6,920 642.9 D-82 2 5,140 477.5 E-120 3a 2,370 220.0 D-82 3b 1,320 122.6 D-82 3c 1,125 112.9 D-82 Yard 3 containers N/A 15 2,600 241.5 C-64 17 1,530 142.1 C-66 Land 8 containers N/A - Planning: We understand all mains services are available. All the units apart from Units 3a, b & c are metered separately for utilities.
- Local authority: Walsall Metropolitan Borough Council Tel: 01922 650000.
- Tenancy: TENURE: Freehold.
- Viewing: Strictly by prior appointment with the Agent's Cannock office.
- Energy Performance Certificate (E.P.C.): Energy Performance Certificates: Unit 1 D-82, Unit 2 E-120, Unit 3 D-82, Unit 15 C-64, Unit 17 C-66
- E.P.C. Number: Unit 1: 2140-3101-7040-7108-2791, Unit 2: 1219-7134-4002-0091-7702, Unit 3: 2140-3101-7040-8100-2791, Unit 15: 1720-9114-0039-2007-1413, Unit 17: 0911-1207-7304-4202-1904
- V.A.T.: We understand that the current owner has waived the option to tax.
- Legal Cost: All legal costs incurred in the preparation of the lease and counterpart lease together with any vat and stamp duty due thereon will be the responsibility of the ingoing tenant.
- Terms: Short term leases in place but the majority of tenants have been in occupation over 6 years.
- Further Information:
The current gross income is £116,860 per annum. Uplifts expected upon review. All current leases are all on a standard Law Society Lease.
A Tenancy Schedule can be provided upon request.
ANTI-MONEY LAUNDERING
In accordance with the Anti-Money Laundering Regulations, 2 forms of identification and confirmation of the source of funding will be required from the successful purchaser(s).
Disclaimer: Messrs. Andrew Dixon & Co. (and their joint agents, where applicable) for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that : (1) The particulars are set out as a general outline for the guidance of intending purchasers or lessors, and do not constitute, nor constitute part of, an offer or contract. (2) Any information contained herein (whether in the text, plans or photographs etc.) is given in good faith but without responsibility and is believed to be correct. Any intending purchasers or tenants should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (3) No employee of Messrs. Andrew Dixon & Co. has any authority to make or give representation or warranty whatsoever in relation to this property. (4) Whilst every care has been taken to prepare these particulars, we would be grateful if you could inform us of any errors or misleading descriptions found in order that we may correct them in our records.
