JLL Residential

Ref No. 8029
192 - 194 High Street, Walsall, WS3 3LA

For Sale

    On behalf of the Joint LPA Receivers Simon Hunt & Alistair Wright - Retail and Residential Investment Opportunity

    Specification

    Prominent High Street retail pitch with good footfall

    Two lock up shops – one occupied & one under offer

    Three self-contained flats to the first and second floors

    Current rental income - £20,864 per annum (£34,544 with new letting completed) Potential rental income if fully let - approximately £38,500 per annum Offers Invited

    The premises comprises two lock up shops at ground floor level, fronting directly on to High Street, including a well-established take away and a recently vacated unit.  The vacant unit is currently under offer at an agreed rent of £13,680 per annum.  The incoming tenant is relocating his salon business which is currently based next door.  To the upper floors there are three self-contained residential flats. Two flats share a communal entrance lobby and one is a maisonette.  All units are accessed by an external staircase to the rear of the property.  To the rear of the property is a gated yard area, which could be utilised for car parking, with access from High Street provided by an archway under the adjacent property

     

    Availability

    Unit Accommodation
    192 High Street Retail Unit - 1,140 sq ft (105.91 sq m)
    194 High Street Retail Unit - 1,023 sq ft (95.08 sq m)
    192A High Street One bedroom apartment
    192B High Street One bedroom maisonette
    194A High Street Two bedroom duplex apartment