Unit 6, 17 Liskeard Road, Walsall, West Midlands, WS5 3EY
Mixed use Investment Opportunity
Features
- Fully let Retail & Residential investment opportunity
- 1,057 sq. ft. retail shop with 2 bedroom flat above
- Let to 3 Jennifer Ash & Sons Funeral Directors until 02/06/2026
- Upper floor let on AST
- Combined passing rent of £19,780 per annum
- Guide Price - £240,000, equating to a net initial yield
- Guide price: £240,000, equating to a net initial yield of 8.04% of 8.04%
Description
The property comprises a ground floor end parade retail property with a selfcontained 2 bedroom flat to the first and second floors. The shop extends to 1,057 sq. ft. ( 98.20 sq m) and currently trades as an established funeral directors. Accessed from the rear there is a 2 bedroom self-contained 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 comprises a wide variety of retail user types and is accessed from both Liskeard Road and Treyamon Road.Accommodation
Ground floor shop - 1,066 sq. ft. ( 99.10 sq m)First and second floors – 2 bedrooms, lounge, kitchen, bathroom
Tenure
The property will be sold with the benefit of a new 999 year lease from completion , at a peppercorn ground rent.Tenancy
The ground floor is let to Jennifer Ash & Sons funeral directors for a term of 5 years from 3/6/2021, expiring 2/6/2026, at a passing rent of £10,600 per annum.The flat is let on an AST at a passing rent of £9,180 per annum. The combined rental income is £19,780 per annum.
