Investment for Sale

Mixed Commercial and Residential Investment Property   Rental Income:  £21,000 Per Annum   Prominent Location in the heart of Heath Hayes

LOCATION:   The property is situated on the southwestern side of the B4154 Hednesford Road in the centre of Heath Hayes.  The centre of Cannock is approximately two and a half miles to the west and the M6 and M6 Toll motorways are easily accessible from this location.

DESCRIPTION:  The property comprises a semi-detached retail shop with self-contained living accommodation to the rear and above of brick construction with part rendered elevations and pitched concrete tiled roof.  A shared vehicular tunnel entry to the left hand side affords access to the rear garden and parking for one vehicle.

ACCOMMODATION:   On The Ground Floor:  Retail Shop with glazed display window and entrance door and w.c., Store, Kitchen, Further w.c.  Total Net Internal Floor Area:  Approximately 535 sq.ft. (49.70m²).

RESIDENTIAL ACCOMMODATION: 

On The Ground Floor:  Entrance Hall, Breakfast Kitchen and Living Room.  On The First Floor:  Landing, Three Bedrooms and Bathroom with bath, shower cubicle, wash basin and w.c.

Outside:  Enclosed garden and parking for one vehicle.

SERVICES: All mains services are understood to be connected or available to the property.  We understand that the shop and flat are separately metered for utilities and the flat is heated by way of a gas fired central heating system with hot water radiators.  No tests have been applied to any of the services or appliances.

RATING DATA: (information obtained from the Valuation Office Agency Web Site):

Rateable Value: £5,400

Description: Shop and Premises

Council Tax: Band B

TENURE:  We understand that the property is Freehold. 

TENANCIES:  The ground floor retail shop trades as Golden Scissors Barbers and is let by way of a five-year lease from 1st August, 2023.  The passing rent is £9000 per annum and there is provision for a rent review on 1st August, 2025.  The residential accommodation is let by way of an Assured Shorthold Tenancy for twelve months from 23rd January, 2024, at a rental of £1000 per calendar month (£12,000 per annum). Total Rental Income:  £21,000 per annum.  Further information relating to the tenancies can be requested from the Agent.

ENERGY PERFORMANCE CERTIFICATE:  The living accommodation has a rating of E(53). The retail shop has a rating of ……………. . A copy of the EPCs will be available for inspection at the agent’s offices or on their web site.

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.