Retail for Sale

FREEHOLD AND PART INVESTMENT PROPERTY. TOWN CENTRE LOCATION. SHOP WILL BE SOLD WITH VACANT POSSESSION AND FLAT CURRENTLY RENTED AT £6,240 PER ANNUM. GROUND FLOOR EXTENDS TO 530 SQ. FT. (49.24 M² ). PRIME LOCATION - TOWN CENTRE CLOSE TO TESCO, MACDONALDSAND TRAVEL LODGE.

LOCATION:  The property is located on the western side of Stafford Street Walsall town centre close to Tesco Extra and Crown Wharf Shopping Park.  It is close to the A4148 which is the main ring road around Walsall town centre.  Opposite to the property is a new development which comprises a Travel Lodge Hotel, MacDonalds and Explore Learning.  The pedestrianised retail centre of Walsall on Park Street is within 200 metres.

DESCRIPTION:  The property comprises a mid-terraced two storey building of brick construction with a pitched slated roof.

ACCOMMODATION:  

On the ground floor:  Retail shop with glazed display window entrance door, Kitchen and W.C. 

GROUND FLOOR NET INTERNAL FLOOR AREA APPROXIMATELY 530 SQ.FT. (49.24 M²). 

On the first floor:  Self-contained flat with ground floor entrance, Kitchen, Living Room, Bathroom with bath electric shower over wash basin and W.C., two Bedrooms (you have to walk through one bedroom to reach the other one). 

Outside: Small enclosed rear yard. 

SERVICES: All mains services are connected or available to the property.  We understand the shop and flat are separately metered for electric and the flat only has a gas supply. The flat is heated by way of a gas fired central heating system with hot water radiators.  No tests have been applied to any of the services or appliances.

TOWN PLANNING:   The ground floor of the property has been used as a hairdressing salon for several years.  Interested parties are advised to make their own enquiries of the Local Authority Planning Department in respect of the intended use.

RATING DATA: (information obtained from the Valuation Office Agency Web Site):

Ground Floor

Rateable Value: £6,100

Description: Shop and Premises

The flat has a Council Tax Band of A. 

N.B. The property may be suitable for Small Business Rate Relief.  Interested parties are advised to make their own enquiries with the Local Authority in this regard.

TENURE:  Believed Freehold.

TENANCY: We understand the flat is occupied by way of an Assured Shorthold Tenancy at a rental of £520 per calendar month.  For further information in this regard can be supplied by the agent.

ENERGY PERFORMANCE CERTIFICATE:  The ground floor has a rating of          and the flat has a rating of            .   A copy of the EPC will be available for inspection at the agent’s offices or on their web site. 

VIEWINGS:    Contact Fraser Wood Commercial on 01922 629000.

Please note that all parties viewing the property do so at their own risk and neither the vendor nor the agent accept any responsibility or liability as a result of any such viewings.