The property comprises a three storey mid terrace building with three retail units to the ground floor and four flats, known as Central Chambers, to first and second floors.
The ground floor accommodation comprises:-
•Mini market/off-license, having ancillary accommodation and access to the rear storage space.
•Leo’s Hair Design, a popular and busy hairdressers which has been established since Spring 2012 abuts the mini market.
The property is prominently located upon Cradley Heath High Street, Cradley Heath is a small town and ward in the Rowley Regis area of the borough of Sandwell, West Midlands.
Nearby multiples include Lloyds, Tesco, Iceland, Sense and Compton Hospice. Cradley Heath is approximately 3 miles north west of Halesowen and approximately 12 miles west of Birmingham City Centre.
Cradley Heath High Street is located 0.5 miles distance from Cradley Heath train station giving railway access into Worcester city centre and Birmingham city centre.
Significant mixed commercial & residential freehold investment opportunity ** Producing a net income of £41,580 per annum ** Comprising 3 retails units & 4 residential flats ** Net initial yield (NIY) 6.7% (after allowing for purchasers costs) **