Description

The property comprises of a three-storey building of traditional masonry construction with a pitched tiled roof over.

The building comprises of a mixed-use new build development consisting of a ground floor, double-fronted retail premises and four residential apartments at 1st and 2nd floor levels.

The retail premises is double fronted and provides open plan retail accommodation with glazed façade and pedestrian entry from the high street with kitchen, WC and ancillary space to the rear. Further benefits include roller shutter security doors and three phase electricity.

The residential accommodation is accessed via a walkway to the rear and inner stairwell providing access to the first and second floor accommodation.

There are two, one bedroom and two, two bedroom flats all of which are well appointed with modern kitchen and bathroom fittings.

The property provides an estimated rental income of £47,100 per annum, providing a gross yield of approximately 9.4% at the quoting price.

Externally there are two banked car parking spaces to the rear, accessed via Bilston Street.

Location

The building is located on High Street in Sedgley, close to its intersection with Bilston Street.

Sedgley is located in the Dudley Metropolitan Borough and is located approximately 11 miles north west of
Birmingham city centre.

Sedgley is located equidistant from Wolverhampton City centre and Dudley town centre, which are both located approximately 3 miles distant.

The national motorway network is located 6 miles away at junction 10 of the M42. The nearby location is a mix of residential and commercial, with local and national occupiers including a new Aldi store opposite.