Black Country shop hosting established gents’ outfitters for sale at upcoming auction
A Black Country shop that hosts a gents’ outfitters is listed for sale at auction next month.
The retail investment opportunity at 1 High Street in Wednesfield, near Wolverhampton city centre, will have a guide price of £80,000+ in Bond Wolfe's next livestreamed auction on Thursday, February 5.
Ian Tudor, commercial auction director at Bond Wolfe, said the tenant known as Dapper Dan, a formal suit hire business, has been trading at the site since 2001.
Mr Tudor said: “This is a well-established town centre retail investment property with a current rental income of £8,780 per annum.
“The two-storey, end-terraced premises has two main retail areas on the ground floor, cellar storage and two good sized stock rooms on the first floor, along with a kitchenette area and toilet.
“The property is well presented throughout and is freehold subject to the existing lease, which was for five years until January 2021, which the tenant is currently holding over.
“As such, the property offers the new owner an asset management opportunity.”
1 High Street stands in a parade of similar shops in a prominent position at the junction with Alfred Squire Road and Rookery Street in Wednesfield which is around two miles northeast of Wolverhampton city centre.
The Wednesfield shop premises will be among 180 lots due to appear in the auction, which will start at 8.30am and will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.
For more details or to register to bid visit https://www.bondwolfe.com/auctions/properties/, email auctions@bondwolfe.com or call 0121 312 1212 or 01902 928510.
