Studio flat for sale
Reedswood Lane and 6 Bentley Lane, Walsall
studio Flat
Property photos
+8
Property description
Mixed Use Investment
Situated in a prime position at the junction of Reedswood Lane and Bentley Lane, this detached property is split into three individual units comprising two residential units and one commercial.
The property brings in a total income of approximately £17,000.00 per annum and is currently let to three long standing tenants.
1 Reedswood Lane - Commercial Unit
Currently occupied and trading as a hairdressers and beauty salon on a Lease until 2030 (see Legal Pack) at a passing rent of £6,000.00 per annum. Comprises:- Hairdressing Salon 4m x 3.45m, Beauty Salon 3.9m x 3.8m. Additional Salon 3.4m x 3.5m, Kitchen, W.C.
1a Reedswood Lane - First Floor Self Contained Flat
Let on an Assured Shorthold Periodic (see legal pack) at £4,800.00 per annum. Side access with stairs to first floor, Hallway with access to Lounge 3.8m x 3.9m, Bedroom 3.6m x 2.8m, Kitchen 3.9m x 2m, Bathroom.
6 Bentley Lane - Maisonette
This property has not been inspected by the Auctioneer however we understand it to comprise a two storey maisonette benefitting from gas fired central heating and double glazing, let on an Assured Shorthold Periodic Tenancy at a rent of £6,000.00 per annum. It is understood to comprise:-Lounge, Kitchen, Three Bedrooms, Bathroom.
Outside
Enclosed Yard
Viewing
By appointment through Auctioneers on[use Contact Agent Button]
Additional Fees
Buyer's Premium - 1% plus vatAdministration Charge - £1200 inc VAT payable on exchange of contracts.Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Tenure: Freehold
Situated in a prime position at the junction of Reedswood Lane and Bentley Lane, this detached property is split into three individual units comprising two residential units and one commercial.
The property brings in a total income of approximately £17,000.00 per annum and is currently let to three long standing tenants.
1 Reedswood Lane - Commercial Unit
Currently occupied and trading as a hairdressers and beauty salon on a Lease until 2030 (see Legal Pack) at a passing rent of £6,000.00 per annum. Comprises:- Hairdressing Salon 4m x 3.45m, Beauty Salon 3.9m x 3.8m. Additional Salon 3.4m x 3.5m, Kitchen, W.C.
1a Reedswood Lane - First Floor Self Contained Flat
Let on an Assured Shorthold Periodic (see legal pack) at £4,800.00 per annum. Side access with stairs to first floor, Hallway with access to Lounge 3.8m x 3.9m, Bedroom 3.6m x 2.8m, Kitchen 3.9m x 2m, Bathroom.
6 Bentley Lane - Maisonette
This property has not been inspected by the Auctioneer however we understand it to comprise a two storey maisonette benefitting from gas fired central heating and double glazing, let on an Assured Shorthold Periodic Tenancy at a rent of £6,000.00 per annum. It is understood to comprise:-Lounge, Kitchen, Three Bedrooms, Bathroom.
Outside
Enclosed Yard
Viewing
By appointment through Auctioneers on[use Contact Agent Button]
Additional Fees
Buyer's Premium - 1% plus vatAdministration Charge - £1200 inc VAT payable on exchange of contracts.Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Tenure: Freehold
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Council tax
First listed
2 weeks agoReedswood Lane and 6 Bentley Lane, Walsall
Marketed by
Auction House - Birmingham 49A Anchor Road Aldridge, Walsall WS9 8PTPlacebuzz mortgage repayment calculator
Monthly repayment
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Reedswood Lane and 6 Bentley Lane, Walsall - Streetview
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