Mixed Use Investment

Situated in a prime location, near the centre of Smethwick, this mixed use investment property comprises an end terrace two storey brick built property consisting of ground floor retail unit with residential flat above. The flat is accesses separately via a shared alleyway. The property currently has not been inspected by the Auctioneers but we are advised that it comprises of the following:-

Tenure

See Legal Pack

Ground Floor Retail

Approximately 39 sq m. Let at £500.00 per calendar month on a lease until 2023

First Floor Residential Flat - Believed to be currently let.

First Floor: Lounge, Kitchen, Bedroom, Shower Room, W.C. (approximately 39 sq m) Second Floor: Bedroom, (approximately 16 sq m)

Buyers Premium

There is a Buyers Premium of £900.00 inc vat applicable to this lot in addition to our usual Administration Fee

Viewing

There will be no viewings on this lot.

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Sandwell Metropolitan Borough Council

Solicitors

TBC

Additional Fees

Administration Charge - £795 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.