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6-7 Walkers Way, High Street, Wombourne, WV5 9DP

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Property Overview

Purchase Price: £380,000
Type: Investment Properties
Tenure: For Sale
Description:

Detailed Information

Location

The property is located within the commercial centre of Wombourne village , with a wide variety of shops and offices nearby, and the village cricket green opposite.

Wombourne is an affluent village location between Wolverhampton and Dudley.

Description

INVESTMENT OPPORTUNITY - FOR SALE FREEHOLD (Present business unaffected)

Two modern interlinked Shop Units built to a period style together with two self contained 1 Bedroom flats above forming part of the pretty Walkers Way courtyard complex, approached through an archway just off High Street, benefitting from shared use of the car park at rear accessed off Mill Lane.

Both shop units are occupied by Fishface Cycles, who may be prepared to rent from the new owners for a period of time at a rental to be negotiated. Whilst the two units are linked they could easily be put back to separate shop units at minimal expense.

The first floor flats are currently run as fully furnished, self-catering, short term lets. This is a unique offering in this growing locality and is currently providing revenue of around £2000 gross income per month for the two residential units, with the potential for an increase with further marketing.

Accommodation

UNIT 6:
Shop - 19'2" x 13'2" (max) (5.85m x 4.02m)
Workshop Area - 16'4" x 6'0" (max) (4.99m x 1.83m)
Storage

Total 392 sq.ft / 36.5 sq.m


UNIT 7:
Shop - 22'9" x 15'10" (6.94m x 4.83m)
Toilet - with low flush WC and wash basin

Total 397 sq.ft / 36.9 sq.m


FLAT 6a:
Hall
Living Room - 13'11" x 10'4" (4.25m x 3.16m) archway to
Kitchen - 10'0" x 5'10" (3.05m x 1.77m) with built-in oven, hob and cooker hood, fridge and washing machine
Bedroom - 9'10" x 8'7" (3.00m x 2.62m)
Bathroom - with suite comprising bath with shower over, pedestal wash basin and low flush WC. Airing Cupboard


FLAT 7a:
Hall
Living Room - 14'3" (max) x 10'5" (4.33m x 3.18m) archway to
Kitchen - 10'11" x 5'5" (3.33m x 1.66m) with built-in oven, hob and cooker hood, fridge and washing machine
Bedroom - 9'10" x 8'5" (2.99m x 2.55m) built-in wardrobes, cupboard and Airing Cupboard.
Bathroom - with suite comprising bath with shower over, pedestal wash basin and low flush WC.

Each flat is provided with electric heating and immersion heater hot water.

Rental Income

Residential Units:

Variable income, circa £2000 gross income per month from short term self catering lets.

Shop Units:

To be negotiated.

Rateable Values

Shop 7: £7,400

Shop 6: £6,900

Flats 6a and 7a: £3,200 (Self catering holiday units and premises)

EPC Ratings

Shop 6: C - (52)

Shop 7: C - (72)

Flat 6a: D - (61)

Flat 7a: D - (63)

Freehold Price

£380,000 exclusive

Viewing

By arrangement with the agents:

Michael Tromans & Co

01902 425646

tromansandco@aol.com

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Michael Tromans & Co is the trading name of Michael Tromans & Co LLP. Michael Tromans & Co LLP is a Limited Liability Partnership registered in England and Wales.
Registered Office: 6 Waterloo Rd, Wolverhampton, West Midlands WV1 4BL. Registered No. OC358112.

MISREPRESENTATION ACT 1967: Michael Tromans & Co. for itself and for the vendors or lessors of this property whose agents they are given notice that the particulars are a general outline only for the guidance of intending purchasers or lessees, and do not constitute an offer of contract. All descriptions and any other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them. No employee of Michael Tromans & Co. has any authority to make or give any representation or warranty whatever in relation to this property.