Unit 13, 3 Liskeard Road, Walsall, West Midlands, WS5 3EY
Mixed use Investment Opportunity
Features
- Fully let Retail & Residential investment opportunity
- 920 sq. ft. retail shop with 2 bedroom duplex flat above
- Let for a term of 21 years, expiring 24/12/2028
- Passing rent of £17,500 per annum
- Guide Price - £225,000, equating to a net initial yield of 7.59%
Description
The property comprises a ground floor end parade retail property with a 2 bedroom duplex flat to the first and second floors. The shop extends to 920 sq. ft. (85.50 sq m) and currently trades as a Chinese takeaway. Accessed from the rear there is a 2 bedroom duplex flat situated over the first and second floors.
Location
The property is situated in Gillity Shopping Village, a community shopping centre approximately 3 miles to the southeast of Walsall town centre. The property is strategically located to serve the surrounding densely populated residential area and sits adjacent to the King Arthur public house. The shopping centre, which comprises a wide variety of retail user types, benefits from customer car parking, accessed from both Liskeard Road and Treyamon Road. Walsall is located approximately 10 miles north of Birmingham city centre and 8 miles east of Wolverhampton. The town benefits from excellent road communications located within 4 miles of the intersection of the M5/M6 motorways. Junction 9 and 10 of the M6 motorway lies within 2 miles of the western periphery of the town, thereby providing easy access to the remainder of the national motorway network.Accommodation
Ground floor shop - 825 sq. ft. (76.70 sq m).First and second floors – 2 bedrooms, lounge, kitchen, bathroom. The duplex extends to 785 sq. ft. (73.00 sq m).