RAM Estates proudly presents this semi-commercial property For Sale (Freehold)
The property consists of Ground floor retail with three shops and First-floor residential with three flats with tenants. Situated at the heart of Brierley Hill on a very busy high street with amazing continuous footfall is this property. This property is only 30 seconds walk from the Brierly Hill high street & 3 minutes' walk from Asda Supermarket. The largest shopping centre (Merry Hill shopping centre)is approx. 8 minutes' walk.
The shops are all in running condition and has a huge potential to grow. The shops are currently established as:
Hairdresser shop Annual Rent £6200 (just signed a new 5-year lease approx. 3/4 months back).
Nail polish shop Annual Rent £5750 (just signed a new 3-year lease approx. 3 months ago).
Tattoo shop Annual Rent £4200 (just signed a new 3-year lease approx. 3 months ago).
First-floor residence consists of three large flats with annual rental income as below:
Flat 1 (one bedroom) Rent £5400
Flat 2 (one bedroom) Rent £5100
Studio flat(Large) Rent £4500
Total annual income received from both retail and residence comes to around £31,150.
The vendor is looking to sell this semi-commercial property for £419,000 under freehold.
Strictly through RAM Estate. Call Us on 020 8550 8788 for more information or to schedule a viewing straight away.