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We are pleased to offer to auction this 5,000sqft two storey development opportunity and tenanted investment, excellently located along Cape Hill, Smethwick town centre. The property comprises a tenanted ground floor hairdressing unit, generating a current rental income of £16,800 per annum. The rest of the building creates an ideal development opportunity, with potential to be converted to flats, offices or further retail space, subject to obtaining the relevant planning permission. If converted to flats, we are advised that this could generate a total potential rental income of £70,000.
We are pleased to offer this mixed use property with land/garage/workshop, located on High St Smethwick. Previously used as an MOT garage, this is now a condemned building due to old age. For this reason, we have not inspected inside of the property. Land to the rear measures approximately 356sqm