Commercial Property
The properties are located within a quiet residential area, with easy access to Cannock Town Centre, which offers a wide range of amenities and shopping. There is excellent access to the regional and national road network via the nearby A460, A5 and M6 Toll Road, while Cannock Chase, an area of outstanding natural beauty lies within close proximity.
The property comprises a well presented corner block, having two residential houses and one retail unit. The property has recently undergone extensive refurbishment and briefly comprises the following:-
1 Union Street - a well fitted shop unit with store room/office and WC. Recently operating as a local convenience store and off licence, the property is well suited for a continuation of this use.
1a Union Street - a spacious four bedroomed house with modern fitted breakfast kitchen, lounge, bathroom with bath, shower, wash hand basin and WC. There is an enclosed rear courtyard with off-road parking for one car.
2a East Street - is a three bedroomed house, with modern fitted breakfast kitchen, dining room, lounge, bathroom with bath, shower, wash hand basin and WC. There is a courtyard garden with side gated entrance.
Both houses benefit from full gas fired central heating and double glazing throughout.
Commercial Investment
A Well Presented & Recently Refurbished Freehold, Mixed Residential & Retail, Town Centre Investment OpportunityCurrent Rent Passing: £13,620 pa.Estimated Full Rental Value: £19,120 pa.
We understand that the property is Freehold, subject to the following tenancies.
1a Union Street is let by way of an Assured Shorthold Tennacy for £550 per calendar month (£6,600 per annum).
2a East Street is let by way of an Assured Shorthold Tenancy for £585 per calendar month (£7,020 per annum).
1 Union Street will be available with vacant possession upon completion.
Copies of the tenancy agreements will be available for inspection within the legal pack.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
