About this property
The property, a former public house currently comprises of two ground floor retail units with 4 bed sits sharing a kitchen and bathroom on the 1st floor. The property has a gated side access to a large slabbed area at the rear which is circa 200 sq. metres.
Retail Unit 1
Currently let to a Nail Technician on a 12 month lease – £7,200 per annum.
Retail Unit 2
Currently utilised by the landlord as their retail unit but will be vacated on completion of sale.
Ground Floor Retail unit – Nail Technician – 12 month lease – £7,200 per annum.
1st Floor Bed Sits
Rooms are available at an all-inclusive cost of £100 pw including bills and access to communal kitchen and bathroom.
Room 1 – To Let
Room 2 – To Let
Room 3 – To Let
Room 4 – Let – £100 p/w
We have been advised that the current rating assessment is:
Rateable value : £10,500
We recommend that interested parties should make their own enquiries with the local authority.
LOCATION & SITUATION
The property is located on Ryders Road in West Bromwich and sits adjacent to the canal and locks from where the former pub got its name, (the Eight Locks). It is well located with Great Bridge High Street less than a mile away and close connections with A41 Black Country New Road which leads to Wolverhampton and in the opposite direction to West Bromwich town centre and the M5 junction 1.
On the 24th August 2016, under Reference: DC/16/59331, planning permission was granted for Alterations, rear extension and rear dormers to facilitate part change of use from public house to ground floor flat and a 5 bed HMO at first and second floors. Full copies of plans and permissions are available from the selling agents upon request.
Offers over £250,000.
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful Purchaser.
- Former Public House converted to 2 x Retail units and 4 bed sits
- Planning permission for further conversion.
- 1st Floor already converted to 4 bed sits with shared kitchen/bathroom.
- Offers over £250,000