Town Centre Location
Potential to Increase Rental Income
The double fronted, and three storey premises is situated on the very busy High Street in Bloxwich Town Centre. A very reliable tenant holds the lease on the ground and first floor of the premises.
The centrally heated and insulated property comprises:
Retail Sales Area (38’ x 20’ approx);
Stock Room (16’ x 6’ approx);
Kitchen, with understairs storage off.
Internal stairs up to
Room 1 (19’ x 16’)
Room 2 (19’ x 16’ approx)
Room 3 (12’ x 10’ approx)
Room 4 (12’ x 8’ approx)
Separate ladies and gents w.c. facilities
Room 1 (19’ x 14’ approx)
Room 2 (19’ x 12/ approx)
The freeholder lets the ground and first floor to the leaseholder but informally allows them to also use the second floor free of charge, so there is potential to charge extra rent. Alternatively the second floor could be converted to self-contained accommodation which would achieve an extra estimated rental income of about £5,000 per annum.
Lease & Rental Income:
A 10 year lease from 2008 is in place for the ground and first floor only. The rental income is £19,000 per annum with 3 yearly reviews.
£249,950 for the freehold investment premises.
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