jerome chambers

Jerome Chambers, 30a Bradford Street, Walsall WS1 1PN1

JEROME CHAMBERS30a Bradford Street, Walsall WS1 1PN

HIGH YIELDING RESIDENTIAL INVESTMENT OPPORTUNITY


Executive Summary

• An HMO investment opportunity.

• A Grade II listed Regency period end of terrace building over three stories, recently converted into a 19 bedroom House of Multiple Occupation (HMO).

• Located on the edge of Walsall town centre in the West Midlands.

• GIA - 5,000 sq ft.

• Passing rent - £80,100 pa.

• ERV - £107,500 pa.

• Planning Use - C3 Residential.

• Freehold.

• Period features include a stucco facade and timber sash windows.

• Price - OIEO £1,000,000 (One Million Pounds) subject to contract.


Location

Walsall is a charming market town with an increasingly metropolitan appeal, bounded by several major towns and cities including Birmingham (8 miles to the south-east), Dudley (7.5 miles to the south-west), Wolverhampton (6 miles to the west) and Lichfield (10 miles to the north-east). Walsall boasts a growing population of over 300,000 people.

“Walsall is a charming market town with an increasingly metropolitan appeal

Food and DrinkOverlooking the canal, shoppers can enjoy lunch or dinner at popular cafes and restaurants including Bella Italia, TGI Fridays, Chiquito, Creams Cafe Walsall and several local family friendly pubs. Walsall town centre also offers an array of restaurants, cafes, bars, pubs and takeaways.

Shopping and Retail The Property is located in Walsall town centre within the immediate vicinity of the lively shopping and retail area bounded by Pearl Street, Bridge Street and Bradford Street, which includes house brands such as B&M, Home Bargains, Pandora, Mercedes Benz, Holland & Barrett, Superdrug, McDonald’s and WHSmith.

In addition to the high street shops, there are three central shopping centres on offer. Adjacent to Walsall Station is The Saddlers Shopping Centre, home to other popular retailers including Costa Coffee, Poundland, The Fragrance Shop, Greggs and Subway. Between Pearl Street and Bridge Street the Old Square Shopping Centre houses key retailers including Debenhams, Primark, Co-op and Nationwide. To the north of The Saddlers, The Park Place Shopping Centre provides a Boots, Wilko, Poundworld and Greggs.

Nestled between Walsall Canal and the Blue Lane West (A4148) Crown Wharf Retail Park offers further retail therapy with all the speed and convenience of a drive-by with the benefit of some top brands including TK Maxx, Next, H&M, Argos, Asda Living, River Island, JD Sports, Outfit, Frankie & Benny’s and Nando’s.

Walsall also occpies several major supermarket stores including a large Tesco Extra close to the A4148, an Asda Superstore on Pearl Street, a Lidl just to the east of Pearl Street and Morrisons north-east of the main town centre.

A number of other amenities including several gyms, IKEA Birmingham (2.4 miles / 8 minute drive to the south-west), Premier Inn (overlooking the canal), The Light Cinema, Walsall Museum, The New Art Gallery Walsall, Walsall Manor Hospital (west of the canal) and nearby green spaces only add to why Walsall has in recent years become a hot spot for families and professionals seeking culture and comfort along with a thriving community and urban resources. Walsall strikes the perfect balance.

“


JEROME CHAMBERS


Situation

Benefitting from dual frontage, the property is located at the junction of Bradford Street and Caldmore Road on the edge of Walsall town centre. Its location offers quick and easy access to the Midlands motorway network with the M6, M6 Toll and M42 all being within close proximity.

Walsall town centre can be reached on foot at leisure and within the immediate vicinity on Bradford Street are several takeaways, shops and entertainment venues.

A few minutes north lies The Saddlers Shopping Centre, behind which sits Walsall Station, just five minutes walk from the property. To the west, Walsall Manor Hospital can be reached on foot in around 10 minutes. With supermarkets and leisure facilites also located in the town centre, Walsall is well adapted for accessing everything on foot.

JEROME CHAMBERS


12

2

3

3

4

4

5

5

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Severn Valley Steam Railw

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BirminghamNew Street

Walsall

RugeleyTrent Valley

Wolverhampton

Telford Central

Shrewsbury

Lich�eld Trent Valley

Manchester Piccadilly

Stockport

Maccles�eld

Crewe

Stoke-on-Trent

Redditch

Hereford

Kidderminster

WorcesterWorcester

Nuneaton

LeicesterTamworth

Burton-on-Trent

Stratford-upon-Avon

Coventry

Rugby

Northampton

LeamingtonSpa

BirminghamInternational

Sta�ord

Solihull

MoorStreet

Snow Hill

Sandwell & Dudley

SmethwickGaltonBridge

Shrub HillForegate St

ColeshillParkway

Bedworth

Bermuda Park

WaterOrton

Atherstone

Hinckley

Wilmslow

ManchesterAirport

Narborough

SouthWigston

Wilnecote

Willington

Canley

CoventryArena

Kenilworth

Long Buckby

Ledbury

Colwall

Great MalvernMalvern Link

Ashchurchfor Tewkesbury

Cosford

Shifnal

Oakengates

Nantwich

Wrenbury

Whitchurch

Prees

Wem

Yorton

Wellington

Bilbrook

Codsall

Albrighton

Stone

Kidsgrove

Alsager

Landywood

Bloxwich North

Bloxwich

Cannock

Rugeley Town

Hednesford

Shenstone

Lich�eld City

Bescot Stadium

Tame Bridge Parkway

Hamstead

Perry Barr

WittonChurchStretton

CravenArms

Ludlow

Leominster

BlakedownHagley

StourbridgeTown

StourbridgeJunction

Lye

CradleyHeath

Bromsgrove

Droitwich Spa

Hartlebury

University

BarntGreen

LongbridgeNorth�eld

Selly Oak

Alvechurch

Kings NortonBournville

LangleyGreen

OldHill

Tipton

Coseley

Merry HillCentre

DudleyPort

Five Ways

TheHawthorns Jewellery

Quarter

RowleyRegis

Wythall

Whitlocks End

Shirley

TyseleySmall Heath

Henley-in-Arden

Danzey

Wood End

The Lakes

Earlswood

Wootton Wawen

Yardley Wood

Hall Green

Spring Road

SmethwickRolfe St

Gravelly Hill

Aston

Duddeston

Wilmcote

Dorridge

Widney Manor

Olton

AcocksGreen

MarstonGreen

Lea Hall

Stechford

Adderley Park

Stratford-upon-Avon Parkway

Hampton-in-Arden

Berkswell

Tile Hill

Sutton Cold�eld

Butlers Lane

Blake Street

Four Oaks

Erdington

Wylde Green

Chester Road

Bridgnorth

Bearley

Claverdon

Lapworth

Hatton WarwickParkway

Warwick

Wedgwood

Barlaston

Penkridge

Bordesley

PolesworthWestBromwichCentral

BlackLake

WednesburyParkway

Bilston CentralPriest�eld

St Chads

QE Hospital nec Resorts World

toWrexhamChesterHolyheadWelshpoolAberystwythPwhelli

toNewportCardi�Swansea

toCheltenham Spa

GloucesterBristolCardi�

South West

toOxfordReadingLondon Paddington

toBanburyBicester

OxfordLondon Marylebone

ReadingThe South

toDerbyNottinghamChester�eldShe�eldLeedsThe North EastScotland

toLoughboroughNottinghamDerbyChester�eldShe�eld

toMarket Harborough

KetteringWellingborough

BedfordLuton Airport

toPeterboroughCambridgeStansted Airport

toLiverpoolChesterNorth WalesPrestonLancasterCarlisleGlasgow

toMilton KeynesLondon Euston

raise your handwhen you see

the train approachingor tell the senior

conductor on the train

request stops

our networkWest Midlands Railway

Chiltern RailwaysCrossCountryEast Midlands RailwayGreat Western RailwayLondon Northwestern RailwayNorthernTransport for WalesAvanti

West Midlands Metrobus links

station

interchange station

station with limited service

station with full step-free accessstation with part step-free accessstep-free under constructionstation with parkingbus interchange

1 2 3 4 5

West Midlands Network train zone

West Midlands Network fare zones

GrandCentralLibrary

Connectivity

Walsall Station (West Midlands Trains), located a 5 minute walk from the property, delivers excellent services to major commuter towns and cities inlcuding Birmingham, Dudley and Wolverhampton with the following journey times:

Walsall > Birmingham 21 minsWalsall > Birmingham International Airport 45 minsWalsall > Wolverhampton 50 minsWalsall > Dudley 51 mins


Accommodation & Rental Income Schedule

Unit Gross Internal Area Gross Internal Area Rental Income Status

Bedroom 1 18.0 194 - Available To Let

Bedroom 2 16.6 179 £480 Let

Bedroom 3 15.8 170 £500 Let

Bedroom 4 14.1 152 £410 Let



Bedroom 7 23.3 251 £535 Let

Bedroom 8 15.1 163 £550 Let

Bedroom 9 15.3 165 £550 Let

Bedroom 10 15.5 167 £400 Let

Bedroom 11 14.3 154 £425 Let

Bedroom 12 16.9 182 £400 Let

Bedroom 13 13.0 140 £450 Let

Bedroom 14 14.3 154 £425 Let

Bedroom 15 14.0 151 £450 Let

Bedroom 16 16.8 181 £520 Let

Bedroom 17 16.3 175 £470 Under Offer

Bedroom 18 13.0 140 £420 Let

Bedroom 19 15.5 167 £450 Let

Communal Kitchen 24.0 258

Communal Kitchen 16.9 182

Total 341.8 3,679

Current Monthly Rental Income £7,435

Estimated Monthly Rental Income £8,965

Current Annual Rental Income £89,220

Estimated Annual Rental Income 107,580


880000 xx 880000

880000 xx 880000

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New floor 3

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New floor 3

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Smoke

ventila

tion

window

Bedroom 1716,3 m214 m2 excluding en-suite

Bedroom 1813 m210,7 m2 excluding en-suite

Bedroom 1915,5 m213,2 m2 excluding en-suite

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HMO A.M.

TITLE:

DRAWN BY:

CHECKED BY:

DATE:

SCALE:

SHEET:

OF SHEETS

REVISIONS

1:50 @ A1

Mr. Marek Kosmala mob:

18/01/2018

9

Kenrick Offices, Hall Street South, West bromwich B716BN

mob: 07799246766 e-mail: [email protected]

JEROME HOUSE Bradford Street, Walsall, Ws1 1PN

004/01/2018

Scale 1:50 @ A1 20mm=1m0 2m 4m1m 3m

Proposed Second Floor

Scale 1:50 @ A1

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El. 2

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E. Light

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Emergency Light

Smoke Detector

H Heat Detector

Fire Alarm Call Point

S Fire Alarm Siren

Emergency Exit All exit doors from bedrooms to have thumb turns euro locks Front Door and back door to have only one locking system with possibility to open it without key in case of emergencyKitchen Doors - no locking devicesAll fire doors to have overhead door closer All fire doors to be fitted with smoke and fire intumescent strips All fire doors to have fire doors keep shut signs

Fire Exit

Fire Exit

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E. Light

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Bedroom 1313 m211 m2 excluding en-suite



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Communal Kitchen16,9 m2

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1200 mm

500 baseunit

500 wall unit

Fan Ebove

fridge under

HMO A.M.

TITLE:

DRAWN BY:

CHECKED BY:

DATE:

SCALE:

SHEET:

OF SHEETS

REVISIONS

1:50 @ A1

Mr. Marek Kosmala mo

18/01/2018

9




004/01/2018

Proposed First Floor

E. Light

S

CP

Emergency Light

Smoke Detector

H Heat Detector


S Fire Alarm Siren


Fire Exit

Scale 1:50 @ A1

Scale 1:50 @ A1 20mm=1m0 2m 4m1m 3m

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Fire Exit

Fire Exit

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Fire Exit

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Fire Exit

Fire Exit

E. Light

E. Light

E. Light

E. Light

E. Light

E. Light

E. Light

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Floor Plans

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Bedroom 1 18 m215,8 m2 excluding en-suite

Bedroom 2 16,6 m214,2 m2 excluding en-suite


Bedroom 4 14,1 m211,4 m2 excluding en-suite



Bedroom 7 23,3 m221 m2 excluding en-suite

Communal Kitchen24 m2

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1819 m

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1225 m

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1168 m

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1152 m

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1170 m

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HMO A.M.

TITLE:

DRAWN BY:

CHECKED BY:

DATE:

SCALE:

SHEET:

OF SHEETS

REVISIONS

1:50 @ A1

Mr. Marek Kosmala mob

18/01/2018

9




004/01/2018

Scale 1:50 @ A1 20mm=1m0 2m 4m1m 3m

Proposed Ground Floor

E. Light

S

CP

Emergency Light

Smoke Detector

H Heat Detector


S Fire Alarm Siren


Fire Exit

Scale 1:50 @ A1

El. 2

Page 9

Pag

e 9

El. 1

El.

3

Pag

e 9

El. 4

Page 9

El. 5

Page 9

Fir

e E

xit

Fire Exit

Fir

e E

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Fire Exit

Fire Exit Fire Exit

Fire Exit

Fire E

xit

Fire Exit

E. Light E. Light

E. Light

E. Light E. Light

E. Light

E. Light

S

S

S

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H

CP

CP

S

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5

1:50 @ A1

Ground Floor

First Floor

Second Floor

jerome chambers

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