No longer on the market
This property is no longer on the market
MapMixed use
Auction
Sold STC
Mixed use
6 beds
Features and description
- 19/05/2022
- A Freehold Mixed Use Investment Property Comprising A Six Bedroom HMO, Two Retail Units And A Garage. Current Rental Income £31,524 PA- Estimated Full Rental Income £40,524 PA
- Freehold Subject to the existing tenancies.
Video tours
For Sale By Public Auction on 19 May 2022 starting at 09:00 AM - Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only. You must pre-register to bid no later than 12 noon on Wednesday 18th May.
A Freehold Mixed Use Investment Property Comprising A Six Bedroom HMO, Two Retail Units And A Garage. Current Rental Income £31,524 PA- Estimated Full Rental Income £40,524 PA
A prominent two storey corner property of rendered brick construction surmounted by pitched roofs. 195 Stafford Street is currently used as a hairdressers and 196 is a Vape Shop. 1 Portland Street comprises a six bedroom HMO, with entrance hallway, communal kitchen, Laundry Room and Cellar. All bedrooms benefit from en suite facilities. There is an enclosed courtyard and a garage to the rear.
Location
The property occupies a corner position fronting the B4210 Stafford Street with a return frontage to Portland Street just north of the Walsall ring road within easy access to the main shopping and leisure amenities of Walsall town centre, Walsall College, Walsall Manor Hospital and Walsall railway station.
Energy Performance Rating
See legal pack.
Tenure
Freehold Subject to the existing tenancies.
Value Added Tax
We understand that VAT is not chargeable on this transaction.
Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.
Viewing Times
Strictly by appointment with the Auctioneers.
Remote Bidding Auction
Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only. You must pre-register to bid for each auction within 24 hours of the auction commencing.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information or on the Bond Wolfe’s website.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneer's expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,440 inc VAT (£1,200.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe’s website.
A Freehold Mixed Use Investment Property Comprising A Six Bedroom HMO, Two Retail Units And A Garage. Current Rental Income £31,524 PA- Estimated Full Rental Income £40,524 PA
A prominent two storey corner property of rendered brick construction surmounted by pitched roofs. 195 Stafford Street is currently used as a hairdressers and 196 is a Vape Shop. 1 Portland Street comprises a six bedroom HMO, with entrance hallway, communal kitchen, Laundry Room and Cellar. All bedrooms benefit from en suite facilities. There is an enclosed courtyard and a garage to the rear.
Location
The property occupies a corner position fronting the B4210 Stafford Street with a return frontage to Portland Street just north of the Walsall ring road within easy access to the main shopping and leisure amenities of Walsall town centre, Walsall College, Walsall Manor Hospital and Walsall railway station.
Energy Performance Rating
See legal pack.
Tenure
Freehold Subject to the existing tenancies.
Value Added Tax
We understand that VAT is not chargeable on this transaction.
Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.
Viewing Times
Strictly by appointment with the Auctioneers.
Remote Bidding Auction
Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only. You must pre-register to bid for each auction within 24 hours of the auction commencing.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information or on the Bond Wolfe’s website.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneer's expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,440 inc VAT (£1,200.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe’s website.
About this agent
Bond Wolfe Auctions - Birmingham
1st Floor 75-77 Colmore
Birmingham, West Midlands
B3 2AP
0121 721 1015Our latest auction recorded 203 lots sold from the 213 offered, representing a success rate of 96% and raising £20.3 million in sales, breaking the record for the largest and most successful auction ever held outside of London. This brings our total sales in the 7 auctions we have held since we launched to over £101 million. We have a record-breaking and award-winning property auctions team with over 300 years’ combined experience in selling residential, commercial and mixed-use property, investments and land/development sites. We are the only auctioneers in the Midlands to have dedicated experts in each sector and we also have experience in handling more unusual properties such as garage blocks, ground rents, former public houses, churches, police stations and nursing homes. With our ‘traditional values and modern solutions’ approach, you can trust our passionate and dedicated team to look after you and your property, whilst taking advantage of the latest processes and technology.