Sold £205,000
- Mixed Use
- Tenure: Leasehold
Call the team on 0121 289 3838 for more information
Mixed Use Investment
A unique opportunity to purchase a parade of 4 commercial units (all fully let) and 4 vacant first floor flats in the heart of Walsall Town Centre, with a potential combined income of around £50,000 per annum. (subject to modernisation works to the flats)
Tenure
Leasehold
81 Bridge Street - Let on a 6 year lease from 26/4/19-24/3/25 at £8,200.00 per annum
A single commercial unit with a frontage of 5.6 metres with an internal area of approx 100 sq m comprising: Retail area, two studios, w.c.
83 Bridge Street - Let on a 6 year lease from 11/4/19-10/4/20 at £8,000.00 per annum
This property has not been inspected by the Auctioneer but it is believed to be of a similar size to no. 81 Bridge Street.
85/87 Bridge Street - Let on a 5 year lease from 17/12/18-16/12/23 at £10,000.00 per annum
Currently let to a motorcycle accessory company, the property comprises:large double fronted showroom, w.c. and kitchen and additional repair facilities.
89 Bridge Street - Let on a 15 year lease from 14/11/18-13/11/33 at £8,000.00 per annum
This property has not been inspected by the Auctioneer but it is believed to be of a similar size to no. 81 Bridge Street.
Flat 1 Stuart House - Vacant
Hallway, Lounge 4.5m x 3.2m, Kitchen 2m x 3m, Bedroom 4.4m x 3.4m max, Bathroom.
Flat 2 Stuart House - Vacant
Hallway, Lounge 5.6m x 4.4m, Kitchen 3.6m x 3m, Bedroom One 4.4m x 2.7m, Bedroom Two 1.9m x 3m, Bathroom
Flat 3 Stuart House - Vacant
As per flat 2
Flat 4 Stuart House - Vacant
As per flat 1
Buyers Premium
A Buyers Premium of £900.00 inc vat will be charged for this lot in addition to our usual administration fee of £995.00 inc vat.
Tenure
Head Lease in favour of Walsall Council - 99 years expiring December 2035 @ £87.50 per annum
Energy Efficiency Rating (EPC)
Current Rating Various - See Legal Pack
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Walsall Metropolitan Borough Council
Solicitors
Mr Matthew Easter, Ansons Solicitors, Commerce House, Ridings Park, Eastern Way, Cannock, WS11 7FJ, Tel: 01543 466660
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - £995 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
