40 Lower Street Wednesbury West Midlands WS10 7AQ



Investment Summary

The unit benefits from a ground floor retail sales/showroom with glazed display windows fronting Lower High Street.

The unit also consists of first and second floor office accommodation which incorporates male & female WCs and kitchenette facilities. The offices benefit from carpeting, heating and fluorescent strip lighting. There is a lift serving the offices and to the rear of the ground floor is further retail/office accommodation.

 

Gross internal areas approximately:


sq ft    

sq m


Retail (Ground Floor) 

1,585

147.2


Retail/Office (Rear Gd Floor)

2,157

200.3


First Floor Offices

3,870

359.5


Second Floor Offices

1,571

145.9


TOTAL

9,183

853.1






Location



Wednesbury town   centre is approximately 6 miles South West of Wolverhampton City Centre and   10 miles North West of Birmingham City Centre. The unit is also located close  to the Black Country new road (A41) which provides good access to Junction 9   of the M6 via the A461, approximately 1.5 miles to the North and Junction 1   of the M5 approximately 4.5 miles to the South East. The town of Wednesbury   is well serviced with public transport links and there is a variety of nearby   public car parking facilities.

The unit lies   within walking distance of Wednesbury Bus Station and Wednesbury Great  Western Metro station which provide direct links to Wolverhampton and   Birmingham City Centres.




                                    

Vacant position

it's rental income will reach £40,000 to £50,000 pa ( 12% to 15%yield )

Minimum rental on sq footage is "£5 per sq ft annually " net 8500 sq ft X £5 = £42500" 

It may let more than £5, probably £6 to £7 per sq ft, but definitely not less than £5.

Condition: Excellent  Car park for 6 cars

£420,000 Possible £ 380,000


                               

Floorplan                                                        


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All information is without guarantee and is based exclusively on information provided to us by our client. We assume no liability for the completeness, correctness and timeliness of this information. Furthermore, our terms and conditions apply. Subject to error and prior sale.

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