Retail premises for sale in The Green, Wednesbury WS10
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Property features
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Property description
A Freehold Mixed use investment property with potential of £28,020 per annum consisting of (Two Commercial Retail Units) and (Two Flats with separate access) the property is completely occupied and the breakdown is as followed.
Shop A - vacant - Commercial - (for lease details please see legal pack)
Barber Shop (Shop B) - £600pcm - Commercial - (for lease details please see legal pack)
Studio Flat (ground floor) - £390.00pcm - Rolling AST - potential rent increase available.
One Bedroom Flat - £520.00pcm - Rolling AST - potential rent increase available.
To the rear of the building there is also a converted shipping container, this was previously rented at £325pcm.
Current Income Per Annum: £18,1200PA (with scope to increase the rent to the market value of £28,020PA)
The property is located in a prime position of Wednesbury, having parking available at the front with thriving business's close by, the property further benefits from a large rear garden which could potentially be suitable for further out buildings or further development opportunities. (subject to planning).
Please be aware that all the residential properties are subject to rent increases as the flats are all on Rolling AST agreements. All residential properties have separate access leading into each apartment via the rear of the building.
The property has potential for a development to the rear as this is now a new build housing estate (subject to planning).
Property info
For more information about this property, please contact
Under The Hammer, B3 on +44 121 659 0651 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Under The Hammer, and do not constitute property particulars. Please contact Under The Hammer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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