Residential Investments for sale in Stourbridge

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Adam Warren (Jan 2017)
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Freehold Price: £599,950
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Business Description
The property is four-story:
On the ground floor, we have three retail units: 1 ladies hairstylist, 1 beauty salon, 1 TV & Video Shop (Total floor area 1988 SqFt approx).
On the first floor, we have: 1 office suite with three offices, plus 1 ladies & 1 men's washroom, and kitchen facilities (Floor area 1022SqFt approx).
On the first floor, we have: 1 large 1 bedroom flat with large kitchen and ensuite. (Floor area 735SqFt approx).
On the second floor, we have: 1 very large 3 bedroom flat with main bathroom and ensuite. (Floor area 1250SqFt approx with patio/roof garden of 850SqFt).
There is also a basement not in use. (Total floor area 2050SqFt approx).

Ground Floor: 1 Ladies Hair Saloon 543SqFt (measurements are Approx). Holding over on old lease. Tenant since 2000. Rent paid quarterly. Rent of £9,500 received per year.
Ground Floor: 1 Ladies Beauty Saloon 865SqFt (measurements are Approx). Lease term until June 2022. Tenant since 2011. Rent paid quarterly. Rent of £9,500 received per year.
Ground Floor: 1 TV/Video Shop 580SqFt (measurements are Approx). Holding over on old lease. Tenant since 1997. Rent paid monthly. Rento of £7,200 received per year.
1st Floor: Suit of 3 Offices 1020SqFt (measurements are Approx). Lease term until August 2020. Tenant since 2014. Rent paid quarterly. Office tenant makes a small contribution towards stairway which is common parts. Rent of £6,500 received per year.
1st Floor: 1 very large one bedroom flat 735SqFt (measurements are Approx). AST term until October 2018. Tenant since 2016. Rent paid quarterly. Deposit of £750. Rent of £6,300 received per year.
2nd Floor: 1 very large 3 bedroom flat 1200SqFt with patio/roof garden 850SqFt (measurements are Approx). AST term until October 2018. Tenant since 2013. Rent paid quarterly. Deposit of £750. Rent of £8496 received per year.

Annual percentage yield 7.92%
Tenure: Freehold

Location Details:
Regent House, 156-7 Lower High Street is position at the top of LHS, close to the new Tesco superstore, there is time-limited on-street parking, but ample car parking at the rear of the property. The property is close to the busy Town center and local transport facilities.

Downloadable Documents

Listed by: Virtual Commercial

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