The Village Lodge, 37-39 Station Street, Cheslyn Hay, Walsall, West Midlands, WS6 7ED
- PROPERTY TYPE
Restaurant
- SIZE
Ask agent
Key features
- Freehold Established Restaurant Investment & Long Leasehold Flat
Description
Property for auction on 10th July at 13:00 at Avery Fields, 79 Sandon Rd, Birmingham B17 8DT - Public Auction including Live Stream & Telephone Bidding.
Property Description:
A detached two storey mixed use premises of brick construction surmounted by a pitched tile clad roof, situated directly fronting Station Street and comprising of ground floor restaurant premises known as The Village Lodge along with first floor flat over which is subject to a Long Leasehold interest for a term of 999 years.
The property is well presented with a modern contemporary double fronted restaurant and benefits from vehicular access to a rear yard and car parking area.
Station Street leads via Station Road off Walsall Road (A34) and the property is located within a short distance of Cheslyn Hay Village Centre containing a wide range of retail amenities and services and within approximately 1 mile of the M6 Toll Motorway providing commuter access to the Midlands Motorway network. Cannock Town Centre is within approximately 2 miles to the North.
The property is held Freehold on two separate Title Nos: SF285129 /SF285115
Tenancy/Lease Information
Ground Floor: Let on a lease, trading as The Village Lodge, for a term of 20 years from 1st April 2020 (registered at the Land Registry under Title SF650614) on a full repairing and insuring terms at a rental of £450 per week (£23,400 per annum) with five year reviews.
First Floor Flat: Subject to a Long Lease (Land Registry Title No: SF613860) for a term of 999 years from and including 17th February 2015 at a ground rent of one peppercorn.
Accommodation
Ground Floor
Double Fronted Restaurant Premises: 70.91 sq.ms (763 sq.ft), with Porch Entrance, Bar Area and 62 Covers, Lobby/Inner Hall: 7.3 sq.ms (78 sq.ft), Ladies & Gents Toilets, Kitchen: 11.9 sq.ms (129 sq.ft), Lobby to Store Room and Staff Toilets.
Gross Internal Area: 104.58 sq.ms (1125 sq.ft)
First Floor Flat Accommodation (37A Station Street):
Not Applicable.
Outside:
Side Driveway to Rear Car Park/Yard Area with integral store and a freestanding brick built store.
EPC Rating: B
Legal Documents:
Available at
Viewings:
Via Cottons -
Brochures
General ConditionsViewing TimesImportant NoticesCommon Auction ConditionsBuyers Guide to AuctionLegal DocumentsThe Village Lodge, 37-39 Station Street, Cheslyn Hay, Walsall, West Midlands, WS6 7ED
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Landywood Station0.6 miles
- Cannock Station1.7 miles
- Bloxwich North Station2.6 miles
About the agent
Cottons, Auctions
Cavendish House, 359-361 Hagley Road, Edgbaston, Birmingham, B17 8DL
Cottons Chartered Surveyors – ‘The Property Specialists’
One of Birmingham’s longest standing property companies in existence for well in excess of 55 years and well established at providing a range of services including;
•Auctions – Cottons are one of the West Midlands largest property auctioneers with regular sale rooms taking place at Aston Villa Football Club.
•Residential Sales – Selling properties both within our local areas and across Birmingham. By being the only auc
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Cottons, Auctions on 0121 387 6518.
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