Mixed Use Investment
Situated on the main Darlaston Road close to Darlaston Town Centre, this mixed use commercial investment offers the following:-
132-134 (Ground Floor)
A ground floor retail shop, let on a 10 year lease from 16th March 2007 producing an income of £7,280.00 per annum, It represents a double fronted shop unit, retail area 5.3m x 8.1m plus 5.02m x 4.1m. Door leads to Rear Store Room with W.C. off.
Accessed from the rear, this residential investment occupies two floors and is let on a Periodic Tenancy at £500.00 PCM (we await sight of the Tenancy Agreement). The property has not been inspected by the Auctioneer. But we believe it comprises: Ground Floor: Dining Room and Kitchen, First Floor: Lounge, Three Bedrooms, Bathroom. We understand the property benefits from gas central heating and double glazing. We also understand there is an additional studio apartment currently used for storage.
A Buyers Premium of £900.00 inc VAT in addition to our usual administration fee will be charged for this lot.
There will be no viewings for this lot.
Notice to Bidders
The Sellers require the deposit to be paid from cleared funds.
Energy Efficiency Rating (EPC)
Current Rating TBC
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Walsall Metropolitan Borough Council
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.