Mixed Use
A mixed-use investment opportunity comprising a commercial unit and three apartments located along Brierley Hill High Street. We are advised of current gross income £5,400 pa with two residential and one commercial unit vacant. We feel fully let circa £25,000 pa is possible.
The property comprises a two-storey mid terrace building with a ground floor retail unit extending circa 500 sq. ft. currently vacant. The unit benefits from a roller shutter and enjoys a prime position along Brierley Hill High Street approximately a mile from the Merry Hill Shopping Centre. Both National and local retailers are present within the immediate vicinity and Brierley Hill centre is well connected by Bus and Rail links to Birmingham.
The residential accommodation is accessed via an alley way to the side of the building and comprises self-contained accommodation split into three parts. To the rear is a communal courtyard.
Additional Information
Construction: Brick
Water: Mains
Electric: Mains
Sewerage: Mains
Heating: Gas central heating
Flood Risk: Very low
Broadband: Standard 17 mbps, Superfast 80 mbps, Ultrafast 1000 mbps
Mobile Signal: O2, EE, Three and Vodafone available
Satellite and Cable TV Availability: BT and Sky
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Part let/part vacant.
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 auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 Buyers 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.
