Commercial/Residential Investment Opportunity with Possible Development Potential

This substantial semi detached property is currently split into three self contained units and benefits from a good size plot with side driveway leading to parking area and access to row of four garages. Offering an ideal investment opportunity with the additional possibility of development potential, the property gives a potential income of approximately £15,000 per annum.

Tenure

Freehold

76 Halesowen Street (Hairdressers Salon) (currently let on a 3 year fixed term agreement from 23/5/13 at £250.00 PCM)

Hairdressers Salon (currently let on a 3 year fixed term agreement from 23/5/13 at £250.00 PCM) comprising Shop Area 4.7m x 3.92m with W.C.

76B Halesowen Street (Ground Floor Flat) (Currently vacant)

With the benefit of double glazing and night storage heaters comprising: Reception Hall, Lounge 4.3m x 3.94m with bay window to rear, Bedroom One 3.9m x 3.8m, Kitchen 3m x 2.5m with range of base units and door to outside. Shower Room 3m x 1.7m with matching suite and shower cubicle.

76A Halesowen Street (First Floor Flat) (Let on an Assured Shorthold Tenancy for 6 months commencing 27/2/15 at £450.00 PCM)

With the benefit of gas central heating and double glazing, staircase leads to Landing with double glazed windows to front and rear and doors off to Lounge (rear) 3.9m x 4.3m, Kitchen 2.3m x 3m with range of units and a Worcester gas fired central heating boiler, Bedroom One (front) 4.3m x 3.9m, Bedroom Two (front) 3.9m x 3.7m, Bathroom 2.9m x 1.6m with matching white suite.

Outside

The property is set back from the road behind a small foregarden, gated side driveway lead to Rear Courtyard with fenced lawned garden, ample parking space and access to Row of four Garages (two of which are let, one £32.00 per month another at £32.50 per month).

Viewing

Strictly by appointment through Auctioneers on 0121 289 3838

Energy Efficiency Rating (EPC)

Current Rating D & F

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Sandwell

Solicitors

Mr John Hunter, HCB Hadens, 20 Lichfield Street, Walsall, WS1 1TJ, Tel: 01922 720000

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,200.00 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.