Commercial Property
The lot comprises a Georgian style brick built two storey building along with a modern extension to the side known as Beech House.
The accommodation comprises a Bar operating as the Black Tap who occupy the left-hand side of the building configured as a reception hall, bar and lounge area, male and female wc and conference rooms. There is a large beer garden to the front. The first floor is accessed via stairs from the hallway and leads to a large landing and five double sized rooms configured as office space which is not used but occupied by the tenant of the bar below.
The right and side of the building is occupied by a hair salon with parking to the front leading to main trading area with double fronted window, kitchen, wc and utility area to the rear. There is also access to the first floor (not occupied by the tenant).
The first floor comprises seven offices and is currently vacant.
There is scope to let the first floor above the salon to a separate tenant or reconfigure to residential use. The first floor above the pub is also accessible via a door to the first floor allowing for a larger scheme again subject to planning consent and agreement with the tenant of the bar.
The building has rear parking and rear access along with a prominent frontage with space for deliveries and for two cars in front of the salon.
The Black Tap Public house pays £10,200 per annum rent and has expressed interest in extending their lease.
The Hairdresser pays £9,996 per annum rent and has expressed interest in extending their lease.
Beech House is located along Church Green East which is a parade of both local and national retailers. The Reddich train station is within walking distance and there is ample parking to the rear of the property.
We understand that VAT will not be chargeable.
Strictly by appointment with the auctioneers.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
