Mixed Use
A mid terraced building comprising a ground floor shop with separate rear access to a self-contained flat on the first floor and garage to the rear.
Leased by Compton Care Group LTD - A charity with over 20 branches www.comptoncare.org.uk
Annual rent - £14,800
Garage is let separately - £1,200 per annum
Total rent - £16,000 per annum
Similar shop, flat and garage recently let at £20,400 per annum.
Negotiations have recently commenced for a new lease.
Located within this neighbourhood shopping centre, which includes such multiples as Sainsburys, Spar, Post Office and Subway and a variety of independent traders, as well as the Local Library, Health Centre and a Free Car Park.
Stourbridge is a market town which lies some 12 miles west of Birmingham and 7 miles north-east of Kidderminster.
Mains gas, electricity, water and drainage are believed to be connected. Prospective buyers are advised to make any necessary independent enquiries in this respect before placing their bid, as this will be binding.
TBC
TBC
Standard 7 mbps, Superfast 160 mbps and Ultrafast 1000 mbps are available in this location
EE, O2, Vodaphone and Three are available in this location for Voice and Data.
Sky and BT are available in this location.
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. Subject to tenancy.
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 Fixed Fee.
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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
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.
