Reference 42390
Address Stafford Street, Walsall, WS2 8DF
(Map Location)
Beds 2
Baths 0
Type Retail Property (high street)
Tenure Freehold

FREEHOLD INVESTMENT with PLANNING producing £11,400 pa. In WALSALL GIGAPORT regeneration development adjacent to Tesco Extra 24hr, Travelodge, McDonalds, Costa & many major names

Description

Walsall with a population of around 175k is a busy West Midlands Town. It is 8 miles North West of Birmingham and benefits from good access to the National Motorway Network lying adjacent to the M5 and M6 at junctions 8, 9 & 10. It is well serviced by the rail network with the Walsall train station located a few minutes walk from the property and the main bus station round the corner. The main ring road A4148 is close by.

This town centre FREEHOLD mixed use three storey INVESTMENT with PLANNING and DEVELOPMENT opportunity comprises of a retail shop on the ground floor and two storey two bedroom maisonette above and is located in the heart of the Walsall Town regeneration zone in the Gigaport area. To the rear of the property is Tesco Extra 24 hr and Travelodge, McDonalds and Explore Learning are due to complete and open anytime now. Nearby is Crown Wharf Retail park, Light Cinema. TGI Fridays, Costa, Nando's along with many other high street names. The Art gallery, Leather Museum and Urban Splash Waterfront development. Outside the property is a bus stop where customers visiting Tesco Extra 24hr get off and the many bars, shops and restaurants are all within a few minutes walk.

The property benefits from planning permission granted September 2017 to extend and change of use to offices if desired. Further development to the boundary may be possible STPP

Three Storey Mid Terrace FREEHOLD investment comprises of:-

Retail Shop currently let as a beauty salon at £6000 pa

2 Bedroom maisonette currently let on AST at £5400 pa

Planning permission granted Sept 2017 for a two storey rear extension at first and second floor with a change of use to offices if desired and a new shop front. (Application 16/1518)

Rear Parking Space.

The retail shop is currently occupied as a beauty salon and tenant has been in occupation 8 yrs and wishes to continue. The shop comprises of 2 treatment rooms, kitchen and toilet.

The 2 storey maisonette has its own separate access at the rear and comprises of kitchen, bathroom, lounge and stairs leading to the 2 bedrooms . Outside there is a paved private enclosed courtyard area and a parking space. The current tenant has been in occupation 18mths but will be vacating shortly so maisonette will be offered with vacant possession.

Viewing STRICTLY by appointment courtesy of the tenants

No VAT payable


Features

  • FREEHOLD
  • INVESTMENT & DEVELOPMENT opportunity
  • MIXED USE 3 storey Investment
  • Planning granted for 2 storey extension and offices
  • Prime location in GIGAPORT an area of major redevelopment
  • Income £11400 pa (Shop £6000 pa Maisonette £5400 pa)
  • Parking Space
  • Adjacent to many major retailers inc. Tesco Extra 24hrs, Travelodge, McDonalds, Crown Wharf, Urban Splash Waterfront & Leisure
  • Viewing STRICTLY by appointment. Courtesy of tenants
  • No VAT payable

Map Location