4 bed Not Specified for Sale

Mixed Use Investment Property consisting of two lock-up shops on the ground floor with three self-contained flats over.

LOCATION:  The property is situated on the northern side of Bridge Street, opposite Tameway Plaza, Walsall, approximately three hundred and fifty metres from the pedestrianised retailing centre of the town.

DESCRIPTION:   The property comprises a mixed use investment property consisting of two lock-up shops on the ground floor with three self-contained flats over.

ACCOMMODATION: 

On The Ground Floor:  Number 77 - trading as “My Pillar Limited” - Net Internal Floor Area approximately 612 sq.ft. (56.85 sq.m.).

Number 79 - Shop - Net Internal Floor Area approximately 726 sq.ft. (67.44 sq.m.) including kitchen.

Communal Entrance Hall off Bridge Street leading to:-

FIRST FLOOR:

Flat 77a - Living Room, Kitchen, One Bedroom, Bathroom/w.c.

Flat 77b - Living Room, Kitchen, One Bedroom, Bathroom/w.c.

Flat 77c - Living Room/Kitchen, Two Bedrooms, Bathroom/w.c.

SERVICES: Mains electricity, water and drainage are connected to the property.  No tests have been applied to any of the services or appliances.

TENANCIES:

Number 77 is let by way of a three year lease from 1st December, 2023 at £6,240 per annum.  Number 79 is let by way of a five year lease from 29th May 2023 at  £150 per week/£7,800 per annum.  The Three Flats 77a - c, are let by way of Assured Shorthold Tenancies at rents of £475 per calendar month/£5,700 per annum, £400 per calendar month/£4,800 per annum and £650 per calendar month/£7,800 per annum respectively.

The total rental income from the property is £32,340 per annum.

TENURE:  Believed Freehold.

ENERGY PERFORMANCE CERTIFICATES:  Number 77 - 52(C).  Number 79 - 37(B). Flats 77a - 64 (D), 77b - 70 (C) and 77c - 71 (C).  A copy of the EPCs will be available for inspection at the agent’s offices.

VIEWINGS:    Contact Fraser Wood Commercial on 01922 629000.

Please note that all parties viewing the property do so at their own risk and neither the vendor nor the agent accept any responsibility or liability as a result of any such viewings.