Investment for Sale

Two Retail Shops with Living Accommodation For Sale as an Investment.   Income for both properties:  £36,000 per annum.  

LOCATION:   The property is situated on the corner of Caldmore Green and West Bromwich Street prominently located in the centre of Caldmore.  Walsall town centre is approximately half a mile to the north.  DESCRIPTION:  The properties comprise an end-terraced and a mid terraced property both of traditional brick construction with pitched tiled roofs to two storey height.  To the rear (access via West Bromwich Street) is a small gated yard.

ACCOMMODATION:  No. 19:  On The Ground Floor:  Retail Shop with glazed display window and entrance door, Store and w.c.  Total Ground Floor Net Internal Floor Area:  Approximately 405 sq.ft. (37.63m²).  On The First Floor:  (self contained access through rear yard) Living Room, Bedroom, Kitchen and Bathroom.    No. 20: On The Ground Floor:  Retail Shop with glazed display window and entrance door, Kitchen, Store and Toilet.  Total Ground Floor Net Internal Floor Area:  Approximately 706 sq.ft. (65.59m²).  On The First Floor:  (self contained access through rear yard) Living Room, Kitchen, Shower Room, Bedroom.  Further Bedroom in the Attic.

NB:   The dividing wall between the two retail shops has been partly removed and the property is occupied by one retailer.  The shops of 19 and 20, Caldmore Green are occupied by way of separate leases and therefore can be sold separately.  There is a shared store to the rear in the region of 370 sq.ft. (34.37m²).

Outside:   Gated rear yard with access from West Bromwich Street.

SERVICES: All mains services are understood to be connected or available to the property.  We understand both flats have their own gas fired central heating system with hot water radiators.  No tests have been applied to any of the services or appliances.

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

19 and 20, Caldmore Green have a combined Rateable Value of £11,250.

Description:  Shop & Premises

Both flats have a Council Tax Band of A.

TENANCIES:  No. 19:  The ground floor is let by way of a lease from January, 2022 at a rental of £1,100 per month.  We understand that the flat is let by way of an Assured Shorthold Tenancy at a rent of £400 per calendar month  No. 20:  We understand that the ground floor is let by way of a lease from January, 2022, at a rental of £1,100 per month.  We understand that the first floor flat is let by way of an Assured Shorthold Tenancy at a rent of £400 per calendar month Further lease information will be available upon request.  Total rental income £36,000 per annum.

TERMS:   Believed Freehold.  We have not had sight of any documentation to verify this.

ENERGY PERFORMANCE CERTIFICATES:  The ground floor of the property has a rating of ………. and the flats have ratings of ……...  Copies of the EPC’s 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.