0 bed (for sale) Maple Centre, Bull Lane, Wednesbury WS10

£550,000
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The Online Property Agency
Sovereign Court, Graham Street, Birmingham
0121 659 2987
First Published

24th May 2021

Last Published

17th Jun 2021

 

Features

  • Type:
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

Description

The property comprises a block of three ground floor retail units with 3 self contained 1 bedroom apartments above. The whole property has been refurbished throughout to now afford a high standard of accommodation. The whole property is tenanted as per the tenancy schedule below, providing an excellent investment opportunity.

Rental Income

Shop 1 - £866.67 pcm

104A Crankhall Lane (La Belle Bargins) - £866.67 p/m – 1 Aug 2020,5 Year Licence

Shop 2 - £866.67 pcm

104B Crankhall Lane (La Bakery Café) - £866.67 p/m (15th of every month) – 13 Jan 2021 – 12 Jan 2031 - Lease

Shop 3 - £433.00 pcm

2C Johnson Road (Peaky Barbers) £433 p/m – 18 Aug 2018,5 Year Licence Agreement

Flat 1 - £500 pcm

2 Johnson Road - £500.00 p/m – Rolling AST

Flat 2 - £500 pcm

2A Johnson Road - £500.00 p/m – Rolling AST

Flat 3 - £500 pcm

2B Johnson Road - £500.00 p/m Rolling AST

Total - £43,996.08 per annum.

Location

The property is situated in a prominent location on the busy Crankhall Lane in Wednesbury. Nearby occupiers include Betfred & Lloyds Pharmacy. Wednesbury is, a market town in England’s Black Country, part of the Sandwell metropolitan borough in the West Midlands. The retail parade is in close proximity to the densely populated residential suburb of Stone Cross, approximately 1 1/2 miles north of West Bromwich town centre. The property is located fronting Crankhall Lane, in close proximity to bus public transport links and Tame Bridge Parkway railway station.

Tenure

This Property is Freehold


VAT


We are advised that the subject property is not subject to VAT

Buyers Fee

Buyer's Reservation Fee of 2% of The Purchase Price (Minimum £1800). T&Cs apply.

Viewings

Strictly by appointment through The opa.

The opa’s “Secure It Now Exclusivity Package”

This property is being offered under The opa’s “Secure It Now Exclusivity Package” This is an innovative secure and straightforward way to purchase this property. Here are the benefits for you:

• Secure your dream property straight away

• Properties are realistically priced

• Similar to a “normal” or “conventional” sale with a few measures to protect the buyer and the seller

• Focuses on speed

• Mortgage buyer friendly

• Suitable for first time buyer

• Mortgage buyers and cash buyers compete on equal terms

• No competitive bidding

• No risk of being gazumped

• Minimises risk of fall throughs

Secure It Now Exclusivity Package - How does it work?

Our sellers are motivated and willing to price their properties competitively in order to ensure a fast and secure sale. You can now secure the purchase with a buyer’s “Secure It Now Exclusivity fee “ of 2% which includes :

• A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days / 8 weeks )

• Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you.

• This prevents the risk of gazumping and the

• helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach.

• You get a fixed exclusivity period (approximately 8 weeks) to complete, safe in the knowledge that you will not be gazumped or outbid by another buyer.

Step 1 - Register your interest

Step 2 - Sort out your finances

Step 3 - Arrange a viewing / Virtual Tour

Step 4 - Make an offer

Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity package

Step 6 - Exchange and completion Next Steps – Do Not Miss Out - Please note this is a realistically priced property and is likely going to create a fair amount of buying interest.

If you're interested in buying this property, we'd urge you to contact us immediately to avoid losing out.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2: These particulars do not constitute part or all of an offer or contract.

3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.

4: Potential buyers are advised to recheck the measurements before committing to any expense.

5: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;

6: No persons in the employment of The opa has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of printing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale.

Misrepresentation Act 1967: The Online Property Agency for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.

 

Local info for WS10

Floor plan

 

Property Value Data/Graphs for WS10

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Semi-detached house 38.6% £174,837 2.9 1.1
Detached house 16.3% £263,182 3.7 1.6
Terraced house 13.9% £140,962 2.7 1
End terrace house 10.4% £148,997 2.8 1
Flat 9.9% £91,075 2 1
Town house 5% £205,995 3.3 1.4
Detached bungalow 1.5% £238,333 2.3 1
Land 1.5% £233,333 1.3 1
Semi-detached bungalow 1.5% £176,667 1.7 1
Maisonette 1% £87,500 1.5 1
Bungalow 0.5% £180,000 2 0

Area Information

Average Price Paid

£142,227

Sales

2622

Current Average Value

£176,137

Value Change

£33,910 23.8%

 

Current Asking Prices in WS10 Average: £176,137

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £147,500 (2) £139,432 (37) £176,414 (109) £265,652 (23) £287,500 (4)
Flats £65,374 (4) £90,294 (17) - £200,000 (1) -
All £92,749 (6) £123,963 (54) £176,414 (109) £258,400 (25) £287,500 (4)

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8 bed Detached house () Green Lane, Wall, Lichfield WS14 £4,250,000
0 bed () Moor Street, Brierley Hill DY5 £3,599,999
7 bed Detached house () Ladywood Road, Four Oaks, Sutton Coldfield B74 £3,000,000
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