CORPORATION STREET WALSALL
PROMINENT INVESTMENT PREMISES COMPRISING SHOP AND SELF-CONTAINED FLAT. TOTAL RENTAL INCOME: £12,900 PER ANNUM. ONE MILE FROM WALSALL TOWN CENTRE.
VAT IS PAYABLE ON THE PURCHASE PRICE
LOCATION: The property is located on the corner of Corporation Street and Watery Lane in the heart of Caldmore. Caldmore is approximately one mile from Walsall town centre.
DESCRIPTION: The property comprises an end-terraced part two and part three storey building of traditional brick construction with a pitched slated roof.
ACCOMMODATION: On The Ground Floor: Retail Shop with glazed display window and entrance door, suspended ceiling with inset lighting and external security shutters. The space is partitioned to form Two Consulting Rooms. Kitchen and w.c. Total Ground Floor Net Internal Floor Area: 645 sq.ft. (59.92m²). On The First Floor: (with self contained ground floor entrance at rear). Landing, Bathroom, Kitchen, Bedroom and Living Room. On The Second Floor: Bedroom.
SERVICES: All mains services are connected or available to the property. The ground floor and upper floor living accommodation are heated by separate 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: £3,800
Description: Offices and Premises
Council Tax: Band A
TENANCIES: The ground floor is let by way of a nine year lease from January, 2010, at a rental of £7,800 per annum. The Tenants are currently holding over by way of this lease. The upper floor flat is let by way of an Assured Shorthold Tenancy at a rental of £5,100 per annum. We understand that the Tenants are also currently holding over. Total rental income £12,900 per annum.
TENURE: Believed Freehold.
ENERGY PERFORMANCE CERTIFICATE: The ground floor has a rating of D (76) and the first floor has a rating of E (54) . 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.