A mixed use investment property situated on Cannock Road in the Chadsmoor district of Cannock. The property comprises ground floor salon premises with self contained ground and first floor flats with a combined income of £17,665 pa however the ground floor will be available to occupy/let from January 2024 making this an ideal opportunity for an investor or owner occupier seeking their own business premises with additional income stream.

Description:

A two storey property of brick construction under a pitched tiled roof. The premises occupy a prominent position on Cannock Road with double display widows and door to the front elevation (with security shutter over), this front section of the building is let to a Hair Salon at present but will be available to occupy or let from January 2024. A door at the side of the property leads to the first floor where there is a one bedroom flat. A further one bedroom flat is situated on the ground floor at the rear of the property with its own independent access. A good sized garden is present at the back with access from the shared driveway to the side.

Location:

The property is situated on Cannock Road in the Chadsmoor district of Cannock. Sat Nav users are advised to use post code: WS11 5DB. Viewings are strictly by appointment and are to be arranged via Butters John Bee.

Accommodation:

GROUND FLOOR

Commercial - Currently a Hair Salon
Sales Area: 28.53 Sq m (307 Sq ft)
Beauty Room: 5.05 Sq m (54 Sq ft)
Kitchen: 3.22 Sq m (35 Sq ft)
WC

Flat (accessed separately via door at rear)
Kitchen: 11.36 Sq m / 4.74m x 2.36m
Living Room: 13.60 Sq m / 3.74m x 3.64 m
Bathroom: 3.65 Sq m / 2.41m x 0.87m +
Bedroom: 8.21 Sq m / 2.96m x 2.77m

FIRST FLOOR

Flat with own access via staircase, door from side of property
Kitchen: 9.09 Sq m / 3.04m x 2.99m
Living Room: 10.43 Sq m / 3.45m x 3.03m
Bedroom: 12.33 Sq m / 3.61m x 3.42m
Bathroom: 3.26 Sq m / 2.05m x 1.59m

Shared driveway to side
Good size rear garden

Services:

All mains services are available subject to any reconnection which may be necessary.

We have bene advised that Electric is separately metered within the building however gas is shared equally between the three units (one meter) and system.

Rating:

The VOA website advises the rateable value for 2023/24 is £3,050, (Zero rates applicable for Tenants) The standard non-domestic business rates multiplier is 51.2p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.

Flat A and Flat B: Council Tax Band A

Tenure - Freehold:

Freehold subject to the following Leases/Agreements:

Ground Floor - Salon, Tenant leaving Jan '24 current rent £7,800 pa
Flats: GF (rear) and FF. Each let at £411 pcm on Assured Shorthold Tenancies.

We have been advised that the residential Tenants have been in occupation for a number of years.

Total current income £17,665 pa

Proof of Identity:

To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction.

Viewing:

Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ
Telephone 01782 212201. Opening hours are 9.00-5.30pm, Monday to Friday.

Butters John Bee Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering purchasing your property in order to rent, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.

Butters John Bee Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.