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Business park
Market Place- Mixed Use Investment, Willenhall, WV13
£299,950
Market Place- Mixed Use Investment, Willenhall, WV13
£299,950
Our Summary
- The OPA are pleased to present an opportunity to acquire this mixed use investment opportunity comprising of retail shop to ground floor, unit to rear and two x one bedroom flats to first and second floors
- We are advised there is scope for rental increase
- This is a superb opportunity for investors seeking a diverse and secure income stream from both commercial and residential tenancies, with the added benefit of potential to increase rental income over time
- Huge Scope For Rental Increase
- Potential For Further Development (STP)
- Sold Fully Tenanted With Scope For Rental Increase
Description
This mixed-use investment property in Walsall town centre offers a diverse and secure income stream from both commercial and residential tenancies. The property comprises a retail shop on the ground floor, a unit to the rear, and two one-bedroom flats on the first and second floors, all fully tenanted and generating £33,000 per annum. The retail shop is let on a 5-year lease with potential for rental increase, while the flats are let on ASTs. The property benefits from high footfall and excellent visibility in a busy retail and commercial area, with strong transport links and a range of local amenities. The property is freehold and is being sold subject to the existing tenancies, with a buyer's fee of 2% of the purchase price payable upon offer acceptance.