MapMixed use for sale
TEMPLE BAR, WILLENHALL, walsalll
Mixed use
2 beds
Features and description
- Tenure: Freehold
- Mixed Use Investment Property
- Number 29 consists of a two bedroom mid terraced house
- Number 30a, located at the end of the terrace, is a Pizza Takeaway Shop on the ground floor with a self contained studio flat over.
- A gated pedestrian walkway to the right hand side of the property leads to a small enclosed yard area at the rear.
- Approximately a third of a mile from the town centre
- Junction 10 of the M6 Motorway lies within two miles to the east, thereby providing access to the Midlands and National Motorway Networks
LOCATION:
The property is situated on the eastern side of the B4484 Temple Bar, Willenhall,
approximately a third of a mile from the town centre. Junction 10 of the M6 Motorway lies within two miles to the east, thereby providing access to the Midlands and National Motorway Networks.
DESCRIPTION:
The property comprises two adjoining, predominantly two storey, terraced properties of rendered brick construction surmounted by pitched tile roofs in the main.
Number 29 consists of a two bedroom mid-terraced house, while number 30, located at the end of the terrace, is a Pizza Takeaway Shop on the ground floor with a self-contained studio flat over. A gated pedestrian walkway to the right hand side of the property leads to a small enclosed yard area at the rear.
ACCOMMODATION:
NUMBER 29:
GROUND FLOOR: Front living room measuring approximately 12ft 9ins x 11ft 8ins. Rear kitchen measuring approximately 10ft 10ins x 5ft 4ins plus under stairs storage cupboard off. Rear lobby with bathroom off having fitted suite comprising bath with electric shower over, wash hand basin vanity unit and low w.c. suite.
FIRST FLOOR: Front bedroom number one measuring approximately 13ft 2ins x 12ft 1ins. Rear bedroom number two measuring approximately 10ft 9ins x 9ft 1ins plus recess.
NUMBER 30:
GROUND FLOOR:
Pizza Takeaway Shop trading as "Pizza Bar Willenhall". L-shaped front retail/customer service area and open plan kitchen approximately 307 sq.ft. (28.52 sq.m.). Rear store approximately 51 sq.ft and adjoining toilet.
FIRST FLOOR:
Approached via an external metal staircase from the rear yard. Front living/bedroom. Rear kitchen. Shower room/w.c.
SERVICES: Usual mains services are understood to be connected to the property. Number 29 has a gas fired central heating system with hot water radiators. No tests have been applied to any of the services or appliances.
RATING DATA: (information obtained from the Valuation Office Agency Web Site):
NUMBER 30:
Rateable Value: £2,150
Description: Shop and Premises
TENANCIES:
We have been informed that the takeaway is let subject to a 5 year lease from June 2022 at an initial rent of £500 per calendar month/£6,000 per annum for the first year, increasing to £550 per calendar month/£6,600 per annum for the second year and then to £600 per calendar month/£7,200 per annum for years 3-5. The tenant has a break clause after 18 months. Further, number 29 and the first floor studio flat are let by way of Assured Shorthold tenancies at rents of £550 per calendar month/£6,600 per annum and £450 per calendar month/£5,400 per annum respectively.
The total rental income is therefore presently £18,000 per annum, increasing from June 2023 to £18,600 per annum and then to £19,200 per annum from June 2024.
TENURE: Believed Freehold.
ENERGY PERFORMANCE CERTIFICATE: The shop at Number 30 has a rating of 81(D). The first floor studio flat, Number 30a, has a rating of 43(E). The house at Number 29 has a rating of 61(D). Copies of the EPCs will be available for inspection at the agent's offices or on their web site.
The property is situated on the eastern side of the B4484 Temple Bar, Willenhall,
approximately a third of a mile from the town centre. Junction 10 of the M6 Motorway lies within two miles to the east, thereby providing access to the Midlands and National Motorway Networks.
DESCRIPTION:
The property comprises two adjoining, predominantly two storey, terraced properties of rendered brick construction surmounted by pitched tile roofs in the main.
Number 29 consists of a two bedroom mid-terraced house, while number 30, located at the end of the terrace, is a Pizza Takeaway Shop on the ground floor with a self-contained studio flat over. A gated pedestrian walkway to the right hand side of the property leads to a small enclosed yard area at the rear.
ACCOMMODATION:
NUMBER 29:
GROUND FLOOR: Front living room measuring approximately 12ft 9ins x 11ft 8ins. Rear kitchen measuring approximately 10ft 10ins x 5ft 4ins plus under stairs storage cupboard off. Rear lobby with bathroom off having fitted suite comprising bath with electric shower over, wash hand basin vanity unit and low w.c. suite.
FIRST FLOOR: Front bedroom number one measuring approximately 13ft 2ins x 12ft 1ins. Rear bedroom number two measuring approximately 10ft 9ins x 9ft 1ins plus recess.
NUMBER 30:
GROUND FLOOR:
Pizza Takeaway Shop trading as "Pizza Bar Willenhall". L-shaped front retail/customer service area and open plan kitchen approximately 307 sq.ft. (28.52 sq.m.). Rear store approximately 51 sq.ft and adjoining toilet.
FIRST FLOOR:
Approached via an external metal staircase from the rear yard. Front living/bedroom. Rear kitchen. Shower room/w.c.
SERVICES: Usual mains services are understood to be connected to the property. Number 29 has a gas fired central heating system with hot water radiators. No tests have been applied to any of the services or appliances.
RATING DATA: (information obtained from the Valuation Office Agency Web Site):
NUMBER 30:
Rateable Value: £2,150
Description: Shop and Premises
TENANCIES:
We have been informed that the takeaway is let subject to a 5 year lease from June 2022 at an initial rent of £500 per calendar month/£6,000 per annum for the first year, increasing to £550 per calendar month/£6,600 per annum for the second year and then to £600 per calendar month/£7,200 per annum for years 3-5. The tenant has a break clause after 18 months. Further, number 29 and the first floor studio flat are let by way of Assured Shorthold tenancies at rents of £550 per calendar month/£6,600 per annum and £450 per calendar month/£5,400 per annum respectively.
The total rental income is therefore presently £18,000 per annum, increasing from June 2023 to £18,600 per annum and then to £19,200 per annum from June 2024.
TENURE: Believed Freehold.
ENERGY PERFORMANCE CERTIFICATE: The shop at Number 30 has a rating of 81(D). The first floor studio flat, Number 30a, has a rating of 43(E). The house at Number 29 has a rating of 61(D). Copies of the EPCs will be available for inspection at the agent's offices or on their web site.
About this agent
Get the real deal when buying, letting or renting a house with help from Great Move Property Ltd in Walsall, England. We have been in this business since 2014 and have been providing our clients expert advice and assistance while dealing with all their property transactions. We can handle all the stress of renting for you. We won’t disappear once you have signed the contract, we always have you covered. We can regularly visit your property for a condition check and maintenance. Our company is very careful when handling the houses we offer as well as sourcing suitable tenants for our property listings.