Mixed Use Investment Opportunity

Occupying a prime location, this mixed use investment opportunity offers a multitude of possibilities. Currently retail unit (previously rented at £550.00 per calendar month) trades as a convenience store/off licence (business not for sale). Whilst at first floor level is a recently refurbished flat currently offered with vacant possession (previously rented at £450.00 per calendar month). Whilst to the rear is a self contained suite of workshops with yard and Garage currently let on a rolling contract at £650.00 per calendar month. Potential Income is therefore in the region of £19,000.00 per annum. Thus giving a yield of approximately 11.5 % based upon Guide Price. Purchasers will be left with various options and therefore viewing of this flexible opportunity is recommended.- The property comprises:-

Tenure

See Legal Pack

Ground Floor Retail Shop

Retail Area: 51.5 sq m with additional store rooms.

Self Contained First Floor Flat

With gas central heating and double glazing. Lounge 4.68m x 4.62m, Recently Re-fitted Kitchen 3.64m x 3.27m, Bedroom One 4.28m x 4.25m, Bedroom Two 3.1m x 2.66m, Recently Re-fitted Bathroom with white suite 2.78m x 2.1m, Two Store Rooms and Utility Room.

Rear Commercial Workshops

Door leads to Entrance Hall with access to office 4.05m x 2.14m, Workshop One 5m x 5.5m, Workshop Two 7.51m x 9.19m. Main Workshop 15.23m x 6.8m, roller shutter door leads to semi enclosed yard with double gated access. Separate brick Garage 6.24m x 3.66m

Hoardings

There are two hoardings on the side of the building for which a rent is received of £265.00 per quarter.

Viewing

Viewing strictly by appointment through the Auctioneers on 0121 289 3838

Energy Efficiency Rating (EPC)

Current Rating E

Services

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

Local Authority

Walsall Metropolitan Borough Council

Solicitors

Anthony Major, Woodhouse & Co, 25 Lichfield Street, Walsall, WS1 1TJ, Tel: 01922 612523

Additional Fees

Administration Charge - £795 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.