Summary - Unit 4 & 5, 51-53 Liskeard Road, Walsall, West Midlands, WS5 3EY WS5 3EY
1 bed 1 bath Commercial Property
Long leasehold with stable income and short-term value uplift potential.
Ground floor double-fronted restaurant; long-term tenant in place
Two self-contained flats above producing assured shorthold income
Combined passing rent £40,660 pa; net initial yield c. 8.18%
New 999-year lease to be granted on completion; peppercorn ground rent
Service charge payable (commercial tenant bears 12.5% share)
Visible roof wear and external deterioration; requires maintenance
No VAT applicable; business rates RV £9,800 (not the payable amount)
Located in a busy community shopping village with customer parking
This long-leasehold parade property offers immediate income and scope for sensible capital growth. The ground floor is a double-fronted restaurant let on a long lease, with two self-contained flats above currently producing rental income. The sale is offered on a new 999-year lease at a peppercorn ground rent, simplifying long-term ownership and transfer.
Income credentials are clear: combined passing rent of £40,660 pa produces a net initial yield of c. 8.18% at the guide price, allowing for typical purchaser costs. The tenant mix (long-term restaurant plus two assured shorthold tenancies) suits buyers seeking a blended, community-facing holding within a busy local shopping parade with customer parking and high residential catchment.
Buyers should note visible and documented maintenance items: flat roof wear and some external deterioration consistent with a mid-20th-century building; there is a service charge recoverable from the commercial tenant (12.5% of the overall charge) for communal upkeep. The first priority for a new owner will be ongoing roof and façade maintenance and routine management of the mixed-use tenancies.
This is a pragmatic purchase for investors targeting stable cashflow with modest near-term capital works to protect asset value. The property sits in an affluent, densely populated area with local amenities and good broadband — factors which support lettings and future reversionary potential.
High street retail property for sale in Unit 12, 5 Liskeard Road, Walsall, West Midlands, WS5 3EY, WS5 — £255,000 • 1 bed • 1 bath • 826 ft²
High street retail property for sale in Unit 2, 57 Liskeard Road, Walsall, West Midlands, WS5 3EY, WS5 — £255,000 • 1 bed • 1 bath • 682 ft²
Commercial development for sale in 273a & 285 Beeches Road, Birmingham, West Midlands, B42 2QS, B42 — £205,000 • 1 bed • 1 bath
High street retail property for sale in Unit 9, 11 Liskeard Road, Walsall, West Midlands, WS5 3EY, WS5 — £250,000 • 1 bed • 2 bath • 1837 ft²
Commercial property for sale in 86 Bradford Street, Walsall, West Midlands, WS1 1NU, WS1 — £220,000 • 1 bed • 1 bath • 1992 ft²
Commercial property for sale in Unit 7, 15 Liskeard Road, Walsall, West Midlands, WS5 3EY, WS5 — £225,000 • 1 bed • 2 bath • 1066 ft²
