Quinton Court, Wardles Lane, Walsall
- PROPERTY TYPE
Land
- SIZE
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Key features
- 15 self-contained 3 bedroom flats capable of being split
- 10 flats - 77.02m² - 78.97m²
- 5 flats – 57.88m² - 59.46m²
- Current gross income £108,573 per annum
- ERV £126,000 per annum
- Offers invited at £1,350,000 to show initial yield before costs of 8% and a reversionary yield of 9.
Description
It enjoys good access to the M6 toll road and A5 Trunk Road being approximately 2 miles to the north.
The shopping centre forms part of the local centre for Great Wyrley.
Most of the local life is focussed on the shopping centre, including adjacent buildings occupied as a doctor's
surgery, sports and community centre, Midlands Golf, Harrisons Sports, children's playground and church all within 252 miles (275 yards) of the subject property.
The immediate area has 3 Primary Schools and a High School. Landywood railway station is within a short
walking distance of the centre providing easy commuting to Birmingham New Street Station and elsewhere.
This area over the last 30-40 years has developed into a commuter village for people working in the towns and areas of Cannock, Walsall, Wolverhampton and Birmingham.
The property comprises an investment of 15 self contained flats probably erected some 50/60 years ago, located above the shopping facilities of Great Wyrley Shopping Centre. Access to the flats is via the rear service road where car parking is provided for the tenants. A number of the flats (8) also include garages.
There is ample onsite car parking to the rear whereas the car parking for the Centre is for the retail customers. These are extremely good sizes flats, 10 flats being 77.02m² - 78.97m² (829ft² - 850ft²) and 5 flats - 57.88m² - 59.46m² (623ft² - 640ft²). The flats are held in 3 blocks, namely Flats 62, 64 and 70,
Flats 82-118 in the main block and two secperate flats, Flats 140a and 14b above the resturant. These blocks can be split at a later date if so required.
All flats are separately metered and have the benefit of mains, water and electricity. Heating is via electric night storage heaters.
All flats are let on ASTs in accordance with the attached schedule of accommodation and tenancies.
This is a densely populated residential area convenient for the towns of Cannock, Walsall and Wolverhampton where this is a good demand for this type of accommodation.
These sales particulars have been prepared by FHP Living on the instruction of the vendor. Services, equipment and fittings mentioned in these particulars have NOT been tested, and as such, no warranties can be given. Prospective purchasers are advised to make their own enquiries regarding such matters. These sales particulars are produced in good faith and are not intended to form part of a contract. Whilst FHP Living have taken care in obtaining internal measurements, they should only be regarded as approximate.
Purchaser information - Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, FHP Living require any successful purchasers proceeding with a purchase to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill. This evidence will be required prior to FHP Living instructing solicitors in the purchase or the sale of a property.
Brochures
BrochureQuinton Court, Wardles Lane, Walsall
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Landywood Station0.1 miles
- Cannock Station1.9 miles
- Bloxwich North Station2.2 miles
Proactive residential property consultants FHP Living is the residential division of Fisher Hargreaves Proctor Property Consultants, the East Midlands property advisor of the year. We are a vibrant, forward-thinking and proactive estate agency with a dedicated team of hard-working property professionals who focus on specific areas; each agent then becomes an expert with detailed knowledge for that area.
Notes
Disclaimer - Property reference 102431016781. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by FHP Living, West Bridgford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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