£59,995
(£59,995.00/sq. ft)
Restaurant for saleVicarage Place, Walsall WS1
2,176 sq. ft
Added on
Empire Estates
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About this property
Investment Opportunity
Rental Income
Established Restaurant Premises
Prominent Walsall Town Location
Location
Prominently positioned in Walsall town centre, the property benefits from a highly visible trading location with strong local footfall and passing traffic, making it an attractive commercial investment opportunity.
Description
Empire Estates Team are pleased to present this excellent opportunity to purchase a commercial property currently occupied by Azad’s Kurdish Restaurant.
The premises comprise two spacious dining areas, a fully equipped commercial kitchen, separate male and female WC facilities, ample storage and a substantial side garage, providing additional space for parking and commercial waste storage.
The property is currently let to a restaurant operator on a five-year lease, offering an appealing opportunity for investors seeking a tenanted commercial property.
Accommodation
Dining Room 1: 20.73m x 5.31m
Dining Room 2: 9.11m x 3.63m
Kitchen: 7.29m x 7.28m
Additional facilities include separate WC facilities, storage space and a substantial side garage.
Investment opportunity
The property generates rental income of £1,500 per calendar month (£18,000 per annum), offering an attractive investment opportunity for purchasers seeking an income-generating commercial property. The property is being offered for sale with a five-year lease arrangement. Further details regarding the terms of the lease are available upon request.
Services
The property is understood to benefit from mains services. Prospective purchasers should verify the condition and suitability of all services and equipment.
Planning
It is the prospective purchaser’s responsibility to verify that any intended future use complies with planning requirements and that all necessary permissions and licences are obtained.
Business rates
Prospective purchasers should make their own enquiries regarding the property’s rateable value and any applicable business rates relief.
Legal costs
Each party is responsible for its own legal costs incurred.
EPC
An Energy Performance Certificate is available upon request.
VAT
All prices quoted are exclusive of, but may be subject to, VAT at the prevailing rate.
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