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On sale is this high income producing investment property consisting of TWO shops (one hot food and one off-licence)
PLUS 6 bedroom accommodation with separate front road entrance. The accom rents for £20,400 when fully let. £7000 fire alarm fitted.
DETAILS:
On the ground floor is a hot food takeaway. Open plan 42' long shop. £21,000 newly fitted Hopkins frying range. Newly renovated. Lots of equipment included.

New tiled shop interior. 12' x 13' office room.
potato preparation room. w.c., freezer and store room.
Double Kebab machine, double door coke fridge, Double door commercial fridge, freezers, cooking range, rumbler, lots more, all included in the sale.
Shop is vacant and can easily rent for £10,000 - £15,000 per annum. I have a number of people interested in leasing it. These details will be passed on to you if required.
Smaller shop is a closed down off-licence. Can also be run as a newsagent / sweet shop. Small lockup shop can be rented for approx £4000 per annum. Both shops are zero business rates as below the threshold.

Upstairs are 6 letting rooms that rent for £290 pcm. 4 are rented and two are available to rent. Current rental income is £13,440 and fully rented is £20,400.
There are two separate bathrooms each containing a large shower cubicle, w.c. and wash basin. Both fully tiled and newly built. Fitted kitchen.
When fully let, the premises will bring an income in excess of £33,000. (currently £13,440 plus £10,000 if you want to rent out the shop).

Now selling in AUCTION to the highest bidder with a guide price of £130,000 - £150,000 - Bigwood auction in Bham.

Value is £330,000 (at a 10% income investment property)
Currently on the market at £290,000


Need to sell urgently - hence in auction at a bargain price.

Now selling in AUCTION to the highest bidder with a guide price of £130,000 - £150,000.

Prime main road location on bus route, close to town centre. Shop is ready for business. Ideal for a person experienced in the hot food trade, or can be rented.

Please call to arrange a viewing time.



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Seller's info

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John
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Listing location

United Kingdom, England, West Midlands
Dudley, West Midlands

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