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Morgan Payne & Knightly are delighted to offer this investment opportunity benefiting from three retail units (Total 1517 Sq.ft), three flats, generating £1280pcm in rent, based in the Bloxwich area of Walsall.
The main retail premises (62-64 Valley Road), with retail and storage measures: 1119 Sq.Ft, currently been run as an off licence, convenience shop generating a rental income of £15,000 per annum.
60 Valley road, currently vacant, has been listed for rent at £5200 per annum and measures 226 Sq.Ft.
The final commercial unit is on Victoria Avenue, benefiting from an A5 licence, currently occupied as a fish and chip shop measures 172 Sq.Ft. Producing £7200 per annum.
There are two, two bedroom flats and a one bedroom flat, with double glazing, gas central heating, currently all occupied on assured shorthold tenancy agreements producing £15,360 per annum.
Potential return on investment at asking price 8.6%.
Please call or email today to arrange a viewing or discuss further.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact Morgan Payne & Knightly, WV2 on +44 1902 914863 * (local rate)
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