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Forge Hammer 112 Spring Rd 1,007 sq ft Retail Property Wolverhampton WV4 6JT £270,000 (£268.12/sq ft)



INVESTMENT HIGHLIGHTS
- The property comprises a former public house known as the Forge Hammer
- Spacious open yard area providing ample parking for customers
- Large and fully fitted kitchen
- Located on Spring Road which connects the A4123 Birmingham New Road and the A41 Bilston Road
EXECUTIVE SUMMARY
The property is freehold and being sold with vacant possession. Price is £270,000 which includes the current trading business, fixtures and fittings.
Ground Floor - 1,007sq.ft
First Floor - 3 bedroom apartment (Requiring substantial refurbishment).
The property comprises a former public house known as the Forge Hammer and has traded successfully for a number of years as a cafe well known locally as Sam-An-Ellas serving the local industrial estates. Internally the property comprises a lounge area with open fire, large, fully fitted kitchen, rear dining area, store off and male and female W.C. facilities. The first floor is currently vacant but, was originally living quarters offering kitchen, living room, 3 bedrooms, bathroom and separate W.C. In addition there is a cellar (not inspected) and to the side of the premises a large open yard area providing ample parking for customers.
The premises are being sold to include the current business, fixtures and fittings which, offers tremendous scope for expansion and to increase trading hours to capitalise on the nearby industries and distribution hubs of which some are trading 24/7. The premises also lends itself to a variety of uses or even development subject to obtaining the necessary consents.
Ground Floor - 1,007sq.ft
First Floor - 3 bedroom apartment (Requiring substantial refurbishment).
The property comprises a former public house known as the Forge Hammer and has traded successfully for a number of years as a cafe well known locally as Sam-An-Ellas serving the local industrial estates. Internally the property comprises a lounge area with open fire, large, fully fitted kitchen, rear dining area, store off and male and female W.C. facilities. The first floor is currently vacant but, was originally living quarters offering kitchen, living room, 3 bedrooms, bathroom and separate W.C. In addition there is a cellar (not inspected) and to the side of the premises a large open yard area providing ample parking for customers.
The premises are being sold to include the current business, fixtures and fittings which, offers tremendous scope for expansion and to increase trading hours to capitalise on the nearby industries and distribution hubs of which some are trading 24/7. The premises also lends itself to a variety of uses or even development subject to obtaining the necessary consents.
PROPERTY FACTS Under Offer
Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Property Size
1,007 sq ft
Costar Property Class
B
Year Built
1935
Price
£270,000
Price per sq ft
£268.12
Tenancy
Single
Number of Floors
2
Plot ratio
0.24
Total Plot Size
0.10 ac
Parking
3 Spaces (2.98 Spaces per 1,000 sq ft Leased)
Frontage
37 ft on Spring Road
AMENITIES
- Bus Route
- Security System
- Signage
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NEARBY MAJOR RETAILERS
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Forge Hammer | 112 Spring Rd
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