Retail premises for sale in Valley Road / Victoria Avenue, Walsall WS3

Offers in region of £499,950 (£329.56/sq. ft)
Retail premises for sale 1,517 sq. ft*
Interested in this property? Call +44 1902 914863 * or Request Details

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Property description

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.

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For more information about this property, please contact
Morgan Payne & Knightly, WV2 on +44 1902 914863 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Morgan Payne & Knightly, and do not constitute property particulars. Please contact Morgan Payne & Knightly 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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