Property Information
Address:
England: West Midlands
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Investment, Businesses For Sale,
Property Ref/Movehut: MH590077
Property Ref/Agent: 5777
*Please use the agent ref when calling the agent directly.
Property description
Spacious Retail Spar Store
Two Self Contained Flats
Lovely Desirable Village Location
Freehold Price £450,000
Description:
Situated in the lovely village of Stonnall this Investment Property comprises of a Spar store plus 2 self-contained flats above.
Retail Store:
The double fronted Spar store is modern and well fitted having a Sales Area of around 1,200 square feet. There is also an Office and Stock Rooms. It is situated within a well-supported parade of shops and has the benefit of a shared customer car park to the front. To the rear is another large shared car park.
Flats:
There are TWO self-contained flats. Both are double glazed and centrally heated, each comprising: Lounge; Dining Area; Kitchen; two double Bedrooms; Bathroom.
Lease and Rental Income:
A secure 15 year lease from 2014 is in place for the Spar store at a present rental income of £15,000 per annum. The two flats are let for a rental income of £5,700 per annum each. This gives a total income of £26,400 per annum.
Price:
£450,000 for the whole property.
;