Mixed use for sale
Property description & features
- Tenure: Freehold
- Offers in Excess of £500,000
- Rear Car Parking
- Newly Constructed
- Estimated Rental of £47,100 PA
- 4 x Residential Units
- 1 x Retail Unit
The property comprises of a three-storey building of traditional masonry construction with a pitched tiled roof over.
The building comprises of a mixed-use new build development consisting of a ground floor, double-fronted retail premises and four residential apartments at 1st and 2nd floor levels.
The retail premises is double fronted and provides open plan retail accommodation with glazed façade and pedestrian entry from the high street with kitchen, WC and ancillary space to the rear. Further benefits include roller shutter security doors and three phase electricity.
The residential accommodation is accessed via a walkway to the rear and inner stairwell providing access to the first and second floor accommodation.
There are two, one bedroom and two, two bedroom flats all of which are well appointed with modern kitchen and bathroom fittings.
The property provides an estimated rental income of £47,100 per annum, providing a gross yield of approximately 9.4% at the quoting price.
Externally there are two banked car parking spaces to the rear, accessed via Bilston Street.
Location
The building is located on High Street in Sedgley, close to its intersection with Bilston Street.
Sedgley is located in the Dudley Metropolitan Borough and is located approximately 11 miles north west of Birmingham city centre.
Sedgley is located equidistant from Wolverhampton City centre and Dudley town centre, which are both located approximately 3 miles distant.
The national motorway network is located 6 miles away at junction 10 of the M42. The nearby location is a mix of residential and commercial, with local and national occupiers including a new Aldi store opposite.
Services
We understand that the premises benefit from mains electricity, water and foul drainage.
The agent has not tested the suitability of the connections and recommends that all interested parties carry out their own investigations.
EPCs
Available upon request from the agent.
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Anti-Money Laundering
The successful purchaser will be required to provided two forms of ID and proof / source of funding to satisfy Anti-Money Laundering protocols.
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Broadband availability and predicted speed: obtained from Ofcom on March 2, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on March 2, 2022
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Energy Performance data and Internal floor area
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