**INVESTMENT OPPORTUNITY** 16 & 16a Windmill Bank, Wombourne, V5
- SIZE AVAILABLE
537 sq ft
50 sq m
- SECTOR
Mixed use property for sale
Key features
- Attractive investment opportunity
- Situated in the popular village of Wombourne
- Consisting of ground floor retail unit, 2-bedroom flat and single garage to the rear
- Currently producing an annual income of £15,900
- Offers are invited in the region of £249,000 for the freehold
Description
The area around Windmill Bank is known for its village charm, with shops, local businesses, and amenities nearby. The village green, which is a central feature of Wombourne, is also located close by. The road has residential properties, as well as commercial establishments, giving it a mix of local activity and community character.
Wombourne itself is known for its canals, rural surroundings, and the South Staffordshire Railway Walk, which runs nearby, making Windmill Bank part of a village that blends history, natural beauty, and modern life.
This modern, mid terrace property comprises an open plan retail unit on the ground floor with storage and welfare facilities to the rear. On the first floor there is a self-contained, two-bedroom residential flat. The property further boasts a single garage, located to the rear of the property.
Tenancies:
Ground Floor - The commercial retail unit is let to The Mary Stevens Hospice Trading Company Ltd for a term of 10 years, commencing on the 24th April 2015. The current rent is £10,500 per annum, exclusive of occupational outgoings. The garage, located to the rear, forms part of the Property within this Lease.
First Floor - The residential flat is currently let on an Assured Shorthold Tenancy Agreement, commencing on the 11th July 2014, for a rent of £450.00 per calendar month.
Brochures
**INVESTMENT OPPORTUNITY** 16 & 16a Windmill Bank, Wombourne, V5
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wolverhampton St George's Tram Stop4.2 miles
- The Royal Tram Stop4.3 miles
- Coseley Station4.3 miles
Notes
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