Property photos
Auction
Freehold
Guide price
£230,000
Retail premises for sale
Albert House, The Green, Wednesbury WS101 bath
1 reception
Local area information
Property location
Nearby amenities
- St Joseph's Catholic Primary School, Darlaston 0.3 miles
- Woods Bank Academy 0.4 miles
- Bescot Stadium 2 miles
- Walsall 2.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Willenhall to find out more about the local area.
Features and description
- Freehold
- Investment Property
- Mixed Use
- View more:
For Sale by Under The Hammer online auction. Head over to our website to download the legal pack, register to bid and see more information.
A freehold mixed use investment property with potential income of £28,020 pa
The property comprises of (Two Commercial Retail Units) and (Two Flats with separate access). The property is completely occupied and the breakdown is as followed.
Hairdressers Shop A - £300 pcm - Commercial - (for lease details please see legal pack)
Barber Shop (Shop B) - £600 pcm - Commercial - (for lease details please see legal pack)
Studio Flat (ground floor) - £390 pcm - Rolling AST - potential rent increase available.
One Bedroom Flat - £625 pcm - Rolling AST - potential rent increase available.
To the rear of the building there is also a converted shipping container, this was previously rented at £325pcm.
Current Income Per Annum: £22,980 pa (with scope to increase the rent to the market value of £28,020PA)
The property is located in a prime position of Wednesbury, having parking available at the front with thriving business's close by, the property further benefits from a large rear garden which could potentially be suitable for further out buildings or further development opportunities. (subject to planning).
Please be aware that all the residential properties are subject to rent increases as the flats are all on Rolling AST agreements. All residential properties have separate access leading into each apartment via the rear of the building.
The property has potential for a development to the rear as this is now a new build housing estate (subject to planning).
Here's what to do next
A freehold mixed use investment property with potential income of £28,020 pa
The property comprises of (Two Commercial Retail Units) and (Two Flats with separate access). The property is completely occupied and the breakdown is as followed.
Hairdressers Shop A - £300 pcm - Commercial - (for lease details please see legal pack)
Barber Shop (Shop B) - £600 pcm - Commercial - (for lease details please see legal pack)
Studio Flat (ground floor) - £390 pcm - Rolling AST - potential rent increase available.
One Bedroom Flat - £625 pcm - Rolling AST - potential rent increase available.
To the rear of the building there is also a converted shipping container, this was previously rented at £325pcm.
Current Income Per Annum: £22,980 pa (with scope to increase the rent to the market value of £28,020PA)
The property is located in a prime position of Wednesbury, having parking available at the front with thriving business's close by, the property further benefits from a large rear garden which could potentially be suitable for further out buildings or further development opportunities. (subject to planning).
Please be aware that all the residential properties are subject to rent increases as the flats are all on Rolling AST agreements. All residential properties have separate access leading into each apartment via the rear of the building.
The property has potential for a development to the rear as this is now a new build housing estate (subject to planning).
Here's what to do next
- Visit - Our website and view the auction terms.
- View - Book a viewing directly through our website.
- Register - Get registered prior to the auction opening date.
- Legal Pack - Download and view the legal pack to find out all the relevant information.
- Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
- Bidding - Everything is completed online through the website and the intuitive bidding controls.
More information
Listed by
Under The Hammer
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