Commercial Investment

This double fronted commercial property with three floors of office space is situated within a short walk of Walsall town centre. The property has been well maintained and offers an ideal investment opportunity with a regular substantial income from a number of sources. There is further potential income from other offices which are at present vacant. Currently the following are let under licence Office Three let to Bridgers Central UK Limited @ £3000.00 per annum for 104 weeks from 2nd February 2015 and Broadway Mortgage Consultants Limited on the same terms. Office Five let on licence to Mortgage Force Limited @ £19,200.00 per annum for 104 weeks from 2nd February 2015. We understand at the time of going to print that Office One and Two is currently under offer with an expected income of £8,320.00 per annum and is to be agreed on a one year licence.

Tenure

Freehold

Ground Floor

Office One (4.2m x 3.5m), Reception with bay window to front (5.6m x 4.5m into bay), Office 2 fitted with strong room (3.5m x 2m) Office 3 with door to cellar (5.1m x 3.7m), Kitchen (2.9m x 2.8m), Server Room (2.4m x 2.3m), Rear office/storage (2.4m x 1.8m) and Ladies and Gents toilets.

First Floor

Office 4 (4.7m x 3m), Office 5 (10.3m x 4.2m), Office 6 ( 3.5m x 3.1m), Office/ Meeting Room (5.2m x 4.2m).

Second Floor

Office (4.6m x 4.6m),Office/ Storage (5.6m x 4.6m), Storage (4.6m x 4.2m), Storage( 5.6m x 4.6m)

Outside

Forecourt with off street parking.

Viewings

Strictly by appointment through auctioneers 0121 289 3838

Services

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

Local Authority

Walsall MBC

Solicitors

Mr Andrew Edwards, Martin Tolhurst, 7 Rotherham Road, Kent, DA11 7PD, Tel: 01474 546005

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.