17-18 Market Place, Wednesbury, Sandwell, WS10 7AY

Description

The property comprises a two-storey mixed-use building with two self-contained retail units on the ground floor and a dance studio above.

The left-hand retail unit is occupied by Lady Lace, a boutique clothing store featuring a well-presented sales area to the front and a storage or fitting area to the rear. To the right, the larger unit is let to Ladbrokes, fully fitted as a betting shop with customer service areas to the front and private staff facilities to the rear.

The first floor is arranged as an open-plan dance studio, benefiting from good natural light, a fitted kitchen area, and separate WC facilities.

Location

The property is ideally positioned in the centre of Wednesbury, placing it within easy reach of a variety of local shops, cafes, and amenities. It benefits from excellent transport connections, with Wednesbury Bus Station located approximately 0.4 miles away and Wednesbury Great Western Street tram stop around 0.7 miles from the property, providing convenient links across the region. Junction 9 of the M6 motorway is just 1.5 miles away, offering direct access to Wolverhampton, Birmingham, and the wider motorway network. Its central position and strong connectivity make this an excellent location for a range of retail or food-based businesses.

Accommodation

Please see detailed brochure for further information.

Tenure

Freehold, subject to the existing tenancies.

Price

Offers in the region of £335,000 are sought for the Freehold interest, subject to the existing tenancies.
A purchase at this level would equate to a net initial yield of 8.49%, after usual purchaser’s costs.

VAT

We are advised that VAT is not applicable.

Legal Costs

Each party is to be responsible for their own legal costs that may be incurred in this transaction.

Anti Money Laundering

In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.