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COMMERCIALSOLD STC

Pelsall Lane, Rushall, Walsall

Guide Price
£450,000
Re/Max Elite, Walsall
PROPERTY TYPE

Commercial Property

SIZE

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Key features

  • DOUBLE SHOP OCCUPIED BY BALTI HOUSE RESTAURANT
  • TWO SINGLE RETAIL UNITS WITH ROLLING LEASES
  • THREE FLATS WITH POTENTIAL FOR A FOURTH (STORAGE AREA)
  • ALL UNITS FULLY OCCUPIED AND GENERATING IMMEDIATE INCOME
  • SUBSTANTIAL LAND AT THE REAR FOR DEVELOPMENT POTENTIAL
  • BALTI HOUSE ON A 5-YEAR LEASE (BREAK CLAUSE FROM APRIL 2025)
  • TWO SINGLE SHOPS ON ROLLING LEASES WITH TWO MONTHS’ NOTICE
  • COMBINED INCOME OF £35,280 WITH ROOM FOR GROWTH
  • FLATS COULD BENEFIT FROM MODERNISATION FOR HIGHER YIELD
  • CHECK FLOOR PLANS FOR DIMENSIONS AND LAYOUT DETAILS

Description

PRIME COMMERCIAL COMPLEX WITH FLATS AND DEVELOPMENT POTENTIAL

PROPERTY SUMMARY
A fully occupied commercial and residential complex comprising a double shop (currently the Balti House), two single retail units, and three flats above, with the potential for a fourth flat currently used as storage. This investment opportunity includes a substantial plot of land at the rear, offering scope for further development. The complex is generating an annual income of £35,280, with room for significant uplift.

Auctioneers Comments - This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties' personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Commercial Units - Double Shop - Balti House: Occupied by a popular local restaurant on a 5-year lease, with a break clause exercisable from April 2025 with two months' notice. This unit offers a substantial floor area, perfect for a thriving food business.

Two Single Shops: Both under rolling leases with two months' notice break clauses, providing flexibility for tenants or future reconfiguration.

Flats Above - Three flats are situated above the retail units, all under periodic tenancies, generating consistent rental income. While the flats are in good condition, they offer the opportunity for light modernisation to increase rental yields.

There is also a fourth flat space, currently used as storage by the Balti House, which could be converted into an additional rental unit.

Land And Development Potential - The property features a substantial plot of land at the rear, offering exceptional development potential. With the appropriate permissions, this space could accommodate additional residential or commercial units, unlocking further value.

Income And Lease Details - Current combined rental income: £35,280 annually, with potential for increase.

Flats: Periodic tenancies provide flexibility for rent adjustments.

Two single shops: Rolling leases with two months' notice break clause.

Balti House: 5-year lease with a break clause from April 2025.

Location - Situated in a prime area, this property benefits from excellent footfall and accessibility. Close to major transport links and local amenities, it is an attractive proposition for both commercial tenants and residential occupants.

This is a rare opportunity to acquire a fully tenanted commercial and residential complex with consistent income and outstanding potential for future development. Whether you are looking to expand your property portfolio or develop a versatile space with high demand, this property is an ideal choice.

Brochures

Pelsall Lane, Rushall, WalsallBrochure

Pelsall Lane, Rushall, Walsall

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Walsall Station2.0 miles
  • Bloxwich Station2.2 miles
  • Bloxwich North Station2.7 miles

About Re/Max Elite, Walsall

545 Bloxwich Road, Walsall, WS3 2SD
Industry affiliations:Industry affiliation logo 0

With over 50 years of experience, RE/MAX Elite proudly represents the world's largest estate agency brand, renowned for selling more properties than any other. Our dedicated team of friendly agents combines global reach with local expertise. Beyond residential sales and lettings, we provide expert advice on investment portfolios. Understanding that decisions in property are life-changing, at RE/MAX Elite, we go beyond being agents - we are your personal advocates, committed to understanding your unique needs and delivering tailored solutions. Experience the RE/MAX Elite difference, where expertise meets expectations.

Notes

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Disclaimer - Property reference 33613385. 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 Re/Max Elite, Walsall. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Re/Max Elite, Walsall on 01922 927097.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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