36-40 , High Street, Sedgley, West Midlands
Offers in Region of  £379,000

  • Prominent investment property located on Sedgley High Street
  • Let to 3 commercial tenants and 3 residential tenants producing a total annual income of £30,120
  • Potential residential development at the rear of the property
  • Offers are invited in the region of £379,000

The property is located on the prominent retail High Street in Sedley. The surrounding area includes a mix of national and local retailers including, Iceland, Wetherspoons and Barclays Bank.

The area boasts several public car parks as well as having excellent public transport links to the surrounding areas, including Wolverhampton City Centre approx. 3.4 miles to the north.

The property comprises three ground floor commercial units which are all tenanted and currently utilised for Class E (Retail) usage.

The upper floors, which can be accessed via a central external door situated between the units, are currently demised into three residential flats, of which 2 are one-bedroom dwellings and the other a two-bedroom dwelling, with all units currently tenanted.

The current income for the property is circa £30,120 per annum exclusive, generated from the ground floor commercial tenancies and upper floor residential tenants.

At the rear of the property there is potential for residential development in line with the current expansion of No. 34 High Street. The plot is approx. 2,500 sq. ft. and has access / right of way from Brick Street. Interested parties must pursue their own enquiries with the local authority in regards to this.

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