Investment Property for sale in Kingswinford
Situated in a parade, residential area, WEST MIDLANDS.
The shop premises we understand have a sales area in the region of 2,500 sq. ft. and is operated as a SELF SERVICE CONVENIENCE STORE.
We understand the shop premises are let on a new 20 years full repairing and insuring lease from October, 2010 and produce a rental income of £20,000 p.a. exclusive of rates with rent reviews every 5 years.
INCLUDED IN THE SALE IS THE SELF CONTAINED FLAT OVER which is at present let on a shorthold tenancy and provides a rental income of £10,800 p.a. The flat comprises:
4 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
OFFERS INVITED FOR THE VALUABLE FREEHOLD INVESTMENT £400,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
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