Retail premises for sale

Cross Street, Willenhall WV13

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 Subject to Contract
js/sc Aug26