27 Sutton Road, Walsall, WS1 2PA

A modern Freehold block of fully let apartments, producing £70,200 per annum

Property details

Type Investment
Tenure Freehold, subject to the existing tenancies.
Price Offers based on £1,250,000
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  • Substantial modern detached block of apartments
  • Nine x 2 bedroom apartments (all with ensuites) over three floors
  • Superbly appointed with high specification finishes
  • Allocated car parking to the rear
  • Fully let producing £70,200 per annum
  • Freehold – offers based on £1,250,000
27 Sutton Road occupies a most convenient location just outside Walsall Town centre and directly opposite Mayfield Preparatory School. The property enjoys easy access to public transport networks including Walsall railway station , whilst Sutton road itself leads directly off the main A4148 Broadway North. Walsall is situated approximately 10 miles to the north of Birmingham City Centre, 6 miles east of Wolverhampton, 5 miles north of West Bromwich and 6 miles west of Sutton Coldfield. The town benefits from excellent communications being some 2 miles from both junctions 9 and 10 of the M6 Motorway. The M6 links to the National Motorway Network with the M54, the M42 and the M6 Toll Road, all within a few junctions Walsall has a resident population of 170,994 (2001 Census) and a catchment population of 812,889 within a 6-mile radius of the town centre.

The property comprises a modern purpose built Freehold block of nine apartments, set over three floors. Constructed in circa 2010, there are a total of nine, two bedroom apartments, each built to a spacious high specification. Two separate entrance doors provide front access to the communal areas with stairs leading to the upper floor apartments. To the rear there is tarmac car parking with allocated, disabled, and visitor spaces along with a pedestrian access door to the back of the property. Benefits of each apartment include:

Spacious living accommodation

Ensuite bathrooms to all bedrooms

Porcelain tiled bathrooms with high quality fixtures

Modern kitchens with integrated white goods appliances

Open plan living rooms

Each apartment is Gas centrally heated with double glazing

Offers in the region of £1,250,000 are invited for the freehold interest.
Each of the apartments are let on assured shorthold tenancy agreements at a passing rent of £650 pcm per property.
The total income is £70,200 per annum
VAT may or may not be applicable. Purchasers should satisfy themselves in this regard.
Available upon request.
Legal Costs
Each party are to 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.