Mixed Use Investment

Situated in a prime position at the junction of Reedswood Lane and Bentley Lane, this detached property is split into three individual units comprising two residential units and one commercial. The property brings in a total income of approximately £17,000.00 per annum and is currently let to three long standing tenants.

Tenure

Freehold

1 Reedswood Lane - Commercial Unit

Currently occupied and trading as a hairdressers and beauty salon on a Lease until 2030 (see Legal Pack) at a passing rent of £6,000.00 per annum. Comprises:- Hairdressing Salon 4m x 3.45m, Beauty Salon 3.9m x 3.8m. Additional Salon 3.4m x 3.5m, Kitchen, W.C.

1a Reedswood Lane - First Floor Self Contained Flat

Let on an Assured Shorthold Periodic (see legal pack) at £4,800.00 per annum. Side access with stairs to first floor, Hallway with access to Lounge 3.8m x 3.9m, Bedroom 3.6m x 2.8m, Kitchen 3.9m x 2m, Bathroom.

6 Bentley Lane - Maisonette

This property has not been inspected by the Auctioneer however we understand it to comprise a two storey maisonette benefitting from gas fired central heating and double glazing, let on an Assured Shorthold Periodic Tenancy at a rent of £6,000.00 per annum. It is understood to comprise:- Lounge, Kitchen, Three Bedrooms, Bathroom.

Outside

Enclosed Yard

Viewing

By appointment through Auctioneers on 0121 289 3838

Energy Efficiency Rating (EPC)

Current Rating 1 C, 1a E, 6 Bentley Lane C,

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Walsall Metropolitan Borough Council

Additional Fees

Buyer's Premium - 1% plus vat

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.