TypeRetail Investments · Ground Rents

WS2 Marsh Lane, Waterside Place Crown Lofts & One Gallery Square, Walsall

TenureFor sale

Marsh Lane, Waterside Place Crown Lofts & One Gallery Square, Walsall, WS2 1/2

Specification

Building size
Building size 0.37 acres
Land size
Land size 0.37 acres
Property type
Property type Retail Investments · Ground Rents
Tenure
Tenure For sale

Description

Mixed Use Town Centre Investment Opportunity

Attractive mixed use investment opportunity consisting of 62 residential ground rented properties and associated retail and leisure.

Residential ground leases held for 104 years unexpired with 25-year rent review pattern with ground rents doubling on 01 July 2027 and every twentyfive years thereafter.

Commercial Income of £43,500 pa split between Unit 1 £18,500 pa and Unit 2 at £25,000 pa.

Location

Walsall, located within the Black Country is the social, civic and economic centre for Walsall Borough. Situated in the heart of the West Midlands, the town lies just 10 miles from Birmingham to the south and 7 miles from Wolverhampton to the west.

Amenities

Ground Rents, plus

Retail Income £43,500 pa

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