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Calling all HMO investors seeking a unique opportunity to own this Regency Period, Grade 2 listed building in Walsall near the Town Centre.
This is a 19 Bedroom, 3 storey building located on the edge of the Walsall Town Centre. Gross Internal Area (GIA) is 5,000 ft. Estimated Rental Value (ERV) is £107,500 pa. Tenure Freehold.
The Property is located in Walsall town centre within the immediate vicinity of the lively shopping and retail area bounded by Pearl Street, Bridge Street and Bradford Street, which includes house brands such as B&M, Home Bargains, Pandora, Mercedes Benz, Holland & Barrett, Superdrug, McDonald’s and WHSmith.
Benefitting from dual frontage, the property is located at the junction of Bradford Street and Caldmore Road on the edge of Walsall town centre. Its location offers quick and easy access to the Midlands motorway network with the M6, M6 Toll and M42 all being within close proximity. Walsall Station (West Midlands Trains), located a 5 minute walk from the property, delivers excellent services to major commuter towns and cities inlcuding Birmingham, Dudley and Wolverhampton.
The Property has undergone a full conversion from previously used as a commercial concern to a 19 Bed residential refurbed to a high standard. All the rooms have en-suites with 2 modern, fully fitted communal kitchens on the ground and 1st floors. All of the 19 studios have been let with rents ranging from £400 to £550 pcm inclusive of bills. Monthly gross rental value of £8,830 (£105,960 annual).
Contact us today to arrange a viewing or to make further enquiries.