Dog & Doublet, North Street, Wolverhampton, WV1 1RE

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

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

Location
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.

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 £325,000 reflecting a Net Initial Yield of 8.48%.

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.