* Freehold
* Freehold
For Sale by Under the hammer online auction 27th - 29th November 2023. Guide
Price £275, 000. A mixed - use investment consisting of two commercial units and
two additional flats. Viewings via agent.
A Freehold Mixed use investment property with potential of £28, 020 per annum
consisting of (Two Commercial Retail Units) and (Two Flats with separate
access) the property is completely occupied and the breakdown is as followed.
Shop A - vacant - Commercial - (for lease details please see legal pack)
Barber Shop (Shop B) - £600pcm - Commercial - (for lease details please see
legal pack)
Studio Flat (ground floor) - £390. 00pcm - Rolling AST - potential rent
increase available.
One Bedroom Flat - £520. 00pcm - Rolling AST - potential rent increase
available.
To the rear of the building there is also a converted shipping container, this
was previously rented at £325pcm.
Current Income Per Annum: £18, 1200PA (with scope to increase the rent to the
market value of £28, 020PA)
The property is located in a prime position of Wednesbury, having parking
available at the front with thriving businesss close by, the property further
benefits from a large rear garden which could potentially be suitable for
further out buildings or further development opportunities. (subject to
planning).
Please be aware that all the residential properties are subject to rent
increases as the flats are all on Rolling AST agreements. All residential
properties have separate access leading into each apartment via the rear of
the building.
The property has potential for a development to the rear as this is now a new
build housing estate (subject to planning).
**Bidding
**
For bidding please visit: Underthehammer. Com
*start prices & reserve prices
Each property sold is subject to a Reserve Price. The Reserve Price will be
within + or - 10% of the Start Price. The Start Price is issued solely as a
guide so that a buyer can consider whether or not to pursue their interest.
**EPC
**
EPCs can be viewed in full on our website underthehammer. Com on the sales
details page or in the legal pack.
**Unconditional auction details
**
Contracts are exchanged immediate at the end of the auction and a 5% deposit
will be taken from the highest bidder. This deposit will contribute towards
the purchase price.
Completion will be 8 weeks. (56 days)
Every buyer must first create an account at underthehammer. Com Remote bidding
facilities are also available, contact the auction office for further details.
Full terms & legal documentation
Available at underthehammer. Com

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