Property photos
£275,000
(£106.01/sq. ft)
Retail premises for sale
Market Place, Tipton DY42,594 sq. ft
Local area information
Property location
Nearby amenities
- Great Bridge Primary School 0.3 miles
- Harvills Hawthorn Primary School 0.6 miles
- Dudley Port 0.7 miles
- Tipton 1.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Detailed Information
Location
The property is located on Market Place, just off the A461 Horseley Heath Road close to its junction with Great Western Way, opposite the bus interchange. The surrounding area comprises a mix of local and national retailers supported by a large residential catchment.
Description
The large mid terrace property comprises a ground floor retail premises which currently trades as a nail salon and first floor three bed flat conversion with seperate access from the street.
The property is being sold as a fully let investment property with the tenants in occupation, the lease summary and rental income details are below.
Accommodation
(Approximate internal areas)
Ground Floor Nail Salon:
Total 1069ft²
First Floor Three Bed Flat conversion:
Total 1525t²
Lease summary
Ground Floor lease
Tenant: Nail Salon / Private Individual
Rent: £10,000 per annum exclusive.
Lease Term: 6 Year lease term from 1/10/2023
Repairs: Fully repairing and insuring terms
Rent Review: Rpi rent review
First Floor lease
Tenant: Three Bed Flat / Private Individual
Rent: £12,000 per annum exclusive.
Lease Term: 6 years from 1st January 2024
Repairs: Fully repairing terms
Rent Review: Rpi 6th anniversary
Total Rental Income
£22,000 per annum exclusive
Rental Income
£22,000 per annum exclusive
Purchase Price
£275,000 exclusive
VAT
May apply
EPC
Tbc
Business Rates
Rateable Value Ground Floor: £8,200.00
Rateable Value First Floor: N/A
Subject to Contract
Viewing strictly by appointment with Michael Tromans & Co llp
10/1/2025
Location
The property is located on Market Place, just off the A461 Horseley Heath Road close to its junction with Great Western Way, opposite the bus interchange. The surrounding area comprises a mix of local and national retailers supported by a large residential catchment.
Description
The large mid terrace property comprises a ground floor retail premises which currently trades as a nail salon and first floor three bed flat conversion with seperate access from the street.
The property is being sold as a fully let investment property with the tenants in occupation, the lease summary and rental income details are below.
Accommodation
(Approximate internal areas)
Ground Floor Nail Salon:
Total 1069ft²
First Floor Three Bed Flat conversion:
Total 1525t²
Lease summary
Ground Floor lease
Tenant: Nail Salon / Private Individual
Rent: £10,000 per annum exclusive.
Lease Term: 6 Year lease term from 1/10/2023
Repairs: Fully repairing and insuring terms
Rent Review: Rpi rent review
First Floor lease
Tenant: Three Bed Flat / Private Individual
Rent: £12,000 per annum exclusive.
Lease Term: 6 years from 1st January 2024
Repairs: Fully repairing terms
Rent Review: Rpi 6th anniversary
Total Rental Income
£22,000 per annum exclusive
Rental Income
£22,000 per annum exclusive
Purchase Price
£275,000 exclusive
VAT
May apply
EPC
Tbc
Business Rates
Rateable Value Ground Floor: £8,200.00
Rateable Value First Floor: N/A
Subject to Contract
Viewing strictly by appointment with Michael Tromans & Co llp
10/1/2025
Floor plans and tours
Tours (1)
1 virtual tour available
Step inside the property with a virtual tour or video walkthrough.
More information
Listed by
Michael Tromans and Co
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Property descriptions and related information displayed on this page are marketing materials provided by - Michael Tromans and Co. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Michael Tromans and Co for full details and further information.