Summary - Units 3 - 8 Acorn Small Firms Centre, Ablewell Street, Walsall, West Midlands, WS1 2EG WS1 2EG
1 bed 1 bath Commercial Property
Small multi-unit lot with immediate income and refurbishment upside for active investors.
Guide price £70,000–£78,000; auction sale on 22 Oct at 13:00
A compact mixed workshop/offices investment in Walsall Town Centre offered at auction with a guide price of £70,000–£78,000. The building comprises six small units (units 3–8) arranged over three floors; five are producing income now with current rent at £12,990 pa and potential circa £15,500 pa when fully let. The property suits a hands-on investor prepared to manage short leases and refurbishment to lift rents and EPC ratings.
Important lease considerations are material: the estate records show only c.19–22 years remaining on the head lease (60 years from 30 April 1985), low ground rent (£50 pa) and an unspecified service charge. Short lease length is likely to restrict mortgage lending and will reduce long-term capital value unless extended. Legal pack review is essential before bidding.
The building is brick-built with tiled roof and multiple private entrances to certain units, offering straightforward split-let management or partial owner-occupation. EPCs range D–E across units and the accommodation will benefit from refurbishment; some units are vacant or holding over so there is immediate re-letting potential but likely uplift only after investment.
Location factors: central Walsall position with excellent mobile signal and fast broadband, good nearby amenities and primary/secondary schools. Countering this, the area scores high for crime and deprivation, which affects tenant mix and yields. The lot is leasehold and sold at auction on 22 October — buyers should factor in auction timings, potential service charges and the cost/time of any lease extension.
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