Tamworth Street, Lichfield
£600,000
Property Features
- Development / Investment Opportunity
- Highly prominent road frontage on busy crossroads junction
- Shop & Flat will produce £28,000 per annum
- Planning consent for dormer bungalow (22/00028/FUL)
- Rare Freehold in Lichfield
- May sell Building & Land separately
Property Summary
Jayman Commercial are pleased to offer for sale this rare freehold investment & development opportunity. The Property & Land are located at the junction of Tamworth Street and George Lane, one of the busiest and most prominent locations in Lichfield. The property a traditional end of terrace building comprising: -
A self-contained double fronted ground floor retail unit let to an established Barber on an internal repairing lease. The tenant has expressed a wish to stay long term.
A two-bedroom self-contained flat above let on a rolling Assured Shorthold Tenancy.
Total income will be: £28,000 per annum
DEVELOPMENT LAND - Planning consent for a dormer bungalow has recently been granted on the land to the rear of property (22/00028/FUL). Some work has already been carried out to enable the discharge of all planning permission conditions. All planning conditions are discharged and the site is ready for construction. Buyers are asked to make their own investigations with the local authority.
A self-contained double fronted ground floor retail unit let to an established Barber on an internal repairing lease. The tenant has expressed a wish to stay long term.
A two-bedroom self-contained flat above let on a rolling Assured Shorthold Tenancy.
Total income will be: £28,000 per annum
DEVELOPMENT LAND - Planning consent for a dormer bungalow has recently been granted on the land to the rear of property (22/00028/FUL). Some work has already been carried out to enable the discharge of all planning permission conditions. All planning conditions are discharged and the site is ready for construction. Buyers are asked to make their own investigations with the local authority.