4 bed Not Specified for Sale

Mixed Use Investment Property consisting of two lock-up shops on the ground floor with three self-contained flats over.

LOCATION:  The property is situated on the northern side of Bridge Street, opposite

Tameway Plaza,Walsall, approximately three hundred and fifty metres from the

pedestrianised retailing centre of the town.

 

DESCRIPTION:   The property comprises a mixed use investment property consisting of two lock-up shops on the ground floor with three self-contained flats over.

 

ACCOMMODATION:

GROUND FLOOR:

Number 77 - trading as “My Pillar Limited” - Net Internal Floor Area approximately 612 sq.ft. (56.85 sq.m.).

Number 79 - shop - Net Internal Floor Area approximately 726 sq.ft. (67.44 sq.m.) including kitchen.

Communal entrance hall off Bridge Street leading to:-

FIRST FLOOR:

Flat 77a - Living room, kitchen, one bedroom, bathroom/w.c.

Flat 77b - Living room/kitchen, one bedroom and bathroom/w.c.

Flat 77c - Living room/kitchen, two bedrooms and bathroom/w.c.

SERVICES: Mains electricity, water and drainage are connected to the property.  No tests have been applied to any of the services or appliances.

TENANCIES: Number 77 is let by way of a five year lease from 1st July 2019 at £6,240 per annum.  Number 79 is presently vacant and is being marketed To Let at £150 per week/£7,800 per annum.  The three flats, 77a - c, are let by way of Assured Shorthold Tenancies at rents of £475 per calendar month/£5,700 per annum, £400 per calendar month/£4,800 per annum and £545 per calendar month/£6,540 per annum respectively.

The total rental income from the property is presently £23,280 per annum, which will increase to circa £31,000 per annum when number 79 is let.

TENURE:  Believed Freehold.

ENERGY PERFORMANCE CERTIFICATES:  Number 77 - 52 - C.  Number 79 - Currently awaited. Flat Number 77a - 64 - D.  Number 77b - 70 - C.  Number  77c - 71 - C.  A copy of the EPCs will be available for inspection at the agent’s offices.

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.