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

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.