Lot 41
    Commercial Property
    23 - 25 Market Street
    Hednesford, Cannock, Staffordshire, WS12 1AY
    Sold for £190,000
     
    Number 1
    A Detached Commercial Investment Fully Let Producing £16,150 Per Annum

    Description

    The property comprises a detached building arranged to provide a basement workshop, two retail units on the ground floor, and first floor offices accessed via a separate entrance.

    Tenure

    Freehold

    Location

    The property is situated within the town centre of Hednesford close to local shops and amenities. The open spaces of Hednesford Park and Cockpit Hill are within easy reach. Transport links are provided by Hednesford rail station.

    Exterior

    The property benefits from a private car park to the rear with 6 spaces.

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Lessee Lease Term Current Annual Rent Notes
    Basement 23 Market Square Basement Office - 383 sq ft RS Electrical 2 Years from 01/11/20 £1,650 Reduced rent as Tenant is undertaking improvement works
    23 Market Square Ground Retail - 412 sq ft Jennifer Lewis t/a Jennifer Hairdresser 5 Years from 24/07/20 £4,000 Trading from this unit for 40 years
    25 Market Square Ground Retail - 700 sq ft Puri Healthcare 5 Years from 25/04/17 £6,000 Trading from this unit for 15 years
    First Floor First Office - 593 sq ft KMD Ventures 5 Years from 01/09/19 £4,500 Sublet to Corpserve FZE for 12 months from 01/02/21
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    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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