Manor Road, WolverhamptonOffers in the Region Of £40,000
On MarketCottons Chartered Surveyors - 0121 247 474700003380
- Rectangular Parcel of Land Circa. 0.04 Acres (Circa. 176sq m)
- With Two Site Hordings Let on Licence Agreements Generating Income of £3,000 per annum
- Located on Busy Manor Road/Parkfield Road Junction
- With Potential to Further Utilise Land (Subject to Planning Consents)
A INCOME GENERATING parcel of land circa. 0.04 acres (circa. 176sq m) on the corner of Manor Road and Parkfield Road with two site hordings let on licence agreements generating an ANNUAL INCOME OF £3,000 PER ANNUM. With further scope to utilise the unused land (subject to appropriate planning consents).
The plot is situated on Manor Road (A4126) near the junction of Parkfield Road and Millfield Road (A4039). Situated near a busy road circa. 2 miles from Wolverhampton City Centre.
A rectangular parcel of land circa. 0.04 acres (circa. 176 sq m). The land is predominately unused and overgrown. To the east side side are two billboards.
- Billboard Licences
The billboards are let on an Advertising Licence.
Panel 1 is let from 1st May 2018 on a 7 years contract (with a break clause for either party providing a minimum 6 month notice) an at income of £1,500 per annum.
Panel 2 is let from 1st November 2018 on a 7 years contract (with a break clause for either party providing a minimum 6 month notice) an at income of £1,500 per annum.
- Total Income
£3,000 per annum.
The whole site or the land behind the billboards may have potential for alternative use (subject to appropriate planning consents).
The land does not have its own services. The billboards have there own illuminated connection which we have been advised by the tenants is supplied by National Grid and there is no charge for this. this is strictly subject formal confirmation.