Property photos
Auction
Freehold
Guide price
£250,000
Retail premises for sale
The Green, Wednesbury WS101 bath
1 reception
Local area information
Property location
Nearby amenities
- St Joseph's Catholic Primary School, Darlaston 0.3 miles
- Woods Bank Academy 0.4 miles
- Bescot Stadium 2 miles
- Walsall 2.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- View more:
A Freehold Mixed use investment property with potential of £28,020 per annum consisting of (Two Commercial Retail Units) and (Two Flats with separate access) the property is completely occupied and the breakdown is as followed.
Shop A - vacant - Commercial - (for lease details please see legal pack)
Barber Shop (Shop B) - £600pcm - Commercial - (for lease details please see legal pack)
Studio Flat (ground floor) - £390.00pcm - Rolling AST - potential rent increase available.
One Bedroom Flat - £520.00pcm - Rolling AST - potential rent increase available.
To the rear of the building there is also a converted shipping container, this was previously rented at £325pcm.
Current Income Per Annum: £18,1200PA (with scope to increase the rent to the market value of £28,020PA)
The property is located in a prime position of Wednesbury, having parking available at the front with thriving business's close by, the property further benefits from a large rear garden which could potentially be suitable for further out buildings or further development opportunities. (subject to planning).
Please be aware that all the residential properties are subject to rent increases as the flats are all on Rolling AST agreements. All residential properties have separate access leading into each apartment via the rear of the building.
The property has potential for a development to the rear as this is now a new build housing estate (subject to planning).
Shop A - vacant - Commercial - (for lease details please see legal pack)
Barber Shop (Shop B) - £600pcm - Commercial - (for lease details please see legal pack)
Studio Flat (ground floor) - £390.00pcm - Rolling AST - potential rent increase available.
One Bedroom Flat - £520.00pcm - Rolling AST - potential rent increase available.
To the rear of the building there is also a converted shipping container, this was previously rented at £325pcm.
Current Income Per Annum: £18,1200PA (with scope to increase the rent to the market value of £28,020PA)
The property is located in a prime position of Wednesbury, having parking available at the front with thriving business's close by, the property further benefits from a large rear garden which could potentially be suitable for further out buildings or further development opportunities. (subject to planning).
Please be aware that all the residential properties are subject to rent increases as the flats are all on Rolling AST agreements. All residential properties have separate access leading into each apartment via the rear of the building.
The property has potential for a development to the rear as this is now a new build housing estate (subject to planning).
More information
Listed by
Under The Hammer
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