Mixed Use Investment
Situated in the heart of Wednesbury town centre this end of terrace, this mixed use investment provides an annual income of £8,240. Split into two units Ground Floor commercial and First Floor residential, the property comprises the following
Ground Floor Retail Unit let on a new 3 year lease from September 2020 at a rent of £350 pcm, it is noted that the current tenant has been in occupancy for the previous 3 years. Retail Area 3.43m 7.6m with Storage area beyond and access to W.C and small Kitchen. A door leads to the rear.
Self Contained Flat accessed via walkway from Riddings Lane, let an Assured Shorthold tenancy at £340.00 pcm, comprises Hallway, Kitchern 3.7m x 1.86m, Lounge 3.46m x 3.4m Staircase to second floor providing Landing with access to Bedroom 3.47m x 3m, Bathroom with white suite comprising panelled Bath, wash hand basin and W.C.
Gated access to rear courtyard from Riddings Lane.
A Buyers Premium of £600 ( £500 plus vat) will be charged in addition to our Administration Fee
Limited viewing by appointment with the Auctioneers on 0121 289 3838
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Sandwell Metropolitan Borough Council
Mr Jeremy Lawrence, Pearman Smith, 35 Lichfield Street, Walsall, WS1 1TJ, Tel: 01922 624164
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.