Mixed Use Investment
Live stream auction on 16th DECEMBER 2020 7PM START. Bidding will be available by either telephone, proxy or online bidding. If you wish to bid , please download the bidding form via the tab above and return it by email or post with copies of your ID and proof of address. An opportunity to purchase Semi Detached commercial building that is currently let and already producing an income. Located on the high street in Madeley. The property is conveniently located for access Telford Town Centre with its range of leisure and shopping facilities, as well as Telford Central Train Station and access to the M54 and national motorway network.The accommodation comprises:
Tenure
Freehold
Ground Floor
Barber shop currently let on a 10 Year Lease from 2019, which is producing an annual income of £9,000
First Floor
There are three rooms upstairs which have access to a shared kitchen and bathroom. These are currently let on a licence agreement and are producing an annual income of £10,800 per annum
Viewings
There will be no viewings as currently tenanted
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Note
The auctioneer has not inspected the property.
Local Authority
Telford and Wrekin Borough Council
Solicitors
Lanyon Bowdler, Hazeldine House, Central Square, Telford, TF3 4JL, Ref: Parveen Chowdri, Tel: 01952 291222
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 - £1200 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.