| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 84,274 TIME(S)
BUSINESS REFERENCE : CR108 / RightBiz LIMITED COMPANY HOLDING A FREEHOLD COMMERCIAL PROPERTY INVESTMENT | | | | | | Limited Company Holding a Freehold Commercial Property Investment Wolverhampton Asking price: £225,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Investment Properties | | SALE: | Agent Sale | FREEHOLD: | £225000 | | | | | | | | | | | BUSINESS DETAILS: | Total Yield: £47,500 per annum (circa £3,958.33 per month)
Type of Property: Substantial Freehold Property with excellent tenants (company assets) in place.
Tenancy: The entire property is leased with three tenants
1. 10 year lease 2005 – 2015 @ £17,500per annum
2. 10 year lease Dec 2007 – 2017 @ £16,000 per annum
3. 10 year lease Dec 2007 – 2017 @ £14,000 per annum
All tenants are on full insuring and repairing leases, and pay all utilities etc, themselves. The company paying only landlord insurance.
Location:
The freehold property is situated in the centre of town only a few minutes walk from Wolverhampton Main Line Rail Station and benefits from proximity to town centre car parking. Wolverhampton is one of Britain's newest cities, located right in the heart of the West Midlands with high quality support services helping more and more businesses to locate and thrive in Wolverhampton.
At the heart of the UK road and rail networks, the new City of Wolverhampton is reinventing itself as a vibrant centre for commerce and culture.
Major regeneration projects are transforming the city’s landscape and a wide variety of modern industries have emerged to ensure vitality and employment well into the 21st century. The city is steeped in history, with beautiful buildings and churches to explore plus attractions and entertainment to suit all interests with parks, gardens, museums, galleries and theatres.
Financial Information:
All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The Company is not VAT registered, and also has no hidden costs- there are no common areas and therefore no service charges etc.
All finance is already secured and is the form of 4 business loans/mortgages. The mortgage balance is reducing by approximately £4,000 per quarter. It is however capital and repayment, so each month the interest is less, and the more capital gets paid.
The company is a sitting investment , that nets £300 per week, as the mortgages are paid off and the equity grows. The company has been trading for over 6 years, and has an excellent credit line with the bank | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | CR108 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
