4 and 4a Cross Street, Willenhall, WV13 1PG
Property Overview
| Purchase Price: | £260,000 |
|---|---|
| Type: | Investment Properties |
| Size: | 2,156 sq. ft / 200 sq. mtrs |
| Tenure: | For Sale |
| Description: |
Detailed Information
Location
The premises are located in Willenhall on Cross Street, close to its junction with Market Place which is home to the local market and also a number of local and national retailers and operators.
Description
The premises comprise two vacant ground floor lock up shops with first floor office accommodation and a second floor 1 bedroom flat.
The ground floor shops can be let as two individual premises or combined to create one large retail space suitable for a variety of uses.
The first floor offices and flat are both tenanted.
N.B. Planning permission was granted in 2016 (16/1526) to convert the first floor office accommodation to 2 x 1 bed studio and 2 x 1 bed apartment.
Accommodation
No 4 - 61.77sq.m 664sq.ft
No 4a - 67.36sq.m 725sq.ft
First Floor - 71.31sq.m 767sq.ft
Second Floor Flat
Tenure
The property is freehold and subject to the following tenancies.
Ground floor units are both currently vacant.
The first floor is let by way of a Licence dated 3rd December 2018 to Active Training Group Ltd at £6,600 per annum. The Licence has expired and the tenant is holding over.
The second floor flat is let by way of an AST at £5,400 per annum.
The total current income is £12,000 per annum, with scope to increase this to circa £26,000 per annum once the shops have been let.
Price
£260,000 for the freehold interest subject to the existing tenancies.
EPC
No 4 - D (76)
No 4a - C (65)
First Floor - F (134)
Flat - To be assessed, was previously C
Viewing
Strictly by appointment with Michael Tromans & Co
01902 425 646
Subject to Contract
JS/SC Aug26
