Commercial property for sale in Lichfield Street, Lichfield Street, Tamworth B79, £700,000

700,000.00

Offer Nr.:
64711272
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Royal Estates
Phone(s):
0121 659 8503

* Freehold
* Freehold
A substantial freehold fully occupied mixed use investment premises located on
a busy main road near the centre of Tamworth.
Currently producing £51, 000 Per Annum with scope to increase to £57, 000. 00
viewing days & time:
Please Enquire for viewing availability.
A highly desirable investment premises, an opportunity not to be missed.
The property is currently let as three individual units which compromise of
the following which are all let on Fri lease agreements:
Anker Fish Bar (Ground Floor)
Currently in receipt of £15, 000 Per Annum with a rent increase applicable in
one years time (potential increase £18. 000 subject to negotiations)
Central Accountancy Services (Ground Floor)
Currently in receipt of £15, 000 Per Annum with a rent increase applicable in
one years time (potential increase £18. 000 subject to negotiations)
Casa Romaneasca (First Floor) and three bedroom flat (second floor)
Currently in receipt of £21, 000 Per Annum which has recently had a lease
renewal of 5 Years with rent increases set at specified intervals. The three
bedroom flat located on the second floor comprtises of three large bedrooms,
fitted kitchen, family bathroom and a sizable lounge.
Externally the building boasts a large paved car park to the rear which is
suitable for 10+ vehicles which is shared between the individual businesses.
The premises is located in the heart of Tamworth with ample successful and
thriving businesses, being less than 1 mile from Tamworth Train Station and
less than 0. 5 miles from the Ankerside Shopping Centre with ample parking in
the vicinity.
**free valuations**
For a free valuation on your property, worth £30, contact Royal Estates
directly or scan the qr code pictured above.
**Bidding
**
For bidding please visit the bidding platform: 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 the 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 10% deposit
will be taken from the highest bidder. This deposit will contribute towards
the purchase price.
Completion will be 4 weeks. (28 days)
Every buyer must first create an account at underthehammer. Com platform,
Remote bidding facilities are also available, contact Royal Estates for
further details.
Full terms & legal documentation
Available on the platform underthehammer. Com

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