40 Lower Street Wednesbury West Midlands WS10 7AQ
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:
Retail (Ground Floor)
Retail/Office (Rear Gd Floor)
First Floor Offices
Second Floor Offices
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.
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
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