Mixed Use
A freehold part single and part two storey mixed use property located along High Street in West Bromwich consisting of 3 commercial units and 4 apartments.
The seller understands that the property is offered let producing £62,400 per annum though they have not had sight of the agreements. Interested parties are advised to inspect the legal pack for more information. Prospective buyers must make all necessary independent enquiries prior to placing their bid, as this will be binding.
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.
511 sq.ft - The seller understands it is let on a 5 year lease commencing August 2019 at £800 per calendar month.
411 sq.ft - The seller understands that Unit 2 and 3 are let on a lease renewable every 12 months at £2,000 per calendar month.
389 sq.ft
275 sq.ft -The seller understands it is let Assured Shorthold Tenancy believed to be rolling at £600 per calendar month.
235 sq.ft - The seller understands it is let Assured Shorthold Tenancy believed to be rolling at £600 per calendar month.
265 sq.ft - The seller understands it is let Assured Shorthold Tenancy believed to be rolling at £600 per calendar month.
198 sq.ft - The seller understands it is let Assured Shorthold Tenancy believed to be rolling at £600 per calendar month.
2,284 sq.ft (or thereabouts).
Solid brick, as built, no insulation (assumed) - Information taken from EPC.
Rivers and Seas: No Risk. Surface Water: Very Low Risk.
Standard 16 mbps and Superfast 80 mbps show as available in this location
EE, O2, Vodaphone and Three show as available in this location.
Sky and BT show as available in this location.
The council tax band is showing on the register as deleted. Prospective buyers should make their own enquiries of the council.
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 under and Unconditional sale type.
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.
