No longer on the market
This property is no longer on the market
MapProperty
Auction
Property
Features and description
- Freehold
A substantial freehold fully occupied mixed use investment premises located on a busy main road near the centre of Tamworth.
Currently producing £51,000 Per Annum with scope to increase to £57,000.00
VIEWING DAYS & TIME:
Please Enquire for viewing availability.
A highly desirable investment premises, an opportunity not to be missed.
The property is currently let as three individual units which compromise of the following which are all let on FRI lease agreements:
Anker Fish Bar (Ground Floor)
Currently in receipt of £15,000 Per Annum with a rent increase applicable in one years time (potential increase £18.000 subject to negotiations)
Central Accountancy Services (Ground Floor)
Currently in receipt of £15,000 Per Annum with a rent increase applicable in one years time (potential increase £18.000 subject to negotiations)
Casa Romaneasca (First Floor) and three bedroom flat (second floor)
Currently in receipt of £21,000 Per Annum which has recently had a lease renewal of 5 Years with rent increases set at specified intervals. The three bedroom flat located on the second floor comprtises of three large bedrooms, fitted kitchen, family bathroom and a sizable lounge.
Externally the building boasts a large paved car park to the rear which is suitable for 10+ vehicles which is shared between the individual businesses.
The premises is located in the heart of Tamworth with ample successful and thriving businesses, being less than 1 mile from Tamworth Train Station and less than 0.5 miles from the Ankerside Shopping Centre with ample parking in the vicinity.
*FREE VALUATIONS*
For a free valuation on your property, worth £30, contact Royal Estates directly OR scan the QR code pictured above.
BIDDING
For bidding please visit the bidding platform: underthehammer. com
*START PRICES & RESERVE PRICES
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.
EPC
EPCs can be viewed in full on the website underthehammer. com on the sales details page or in the legal pack.
UNCONDITIONAL AUCTION DETAILS
Contracts are exchanged immediate at the end of the auction and a 10% deposit will be taken from the highest bidder. THIS DEPOSIT WILL CONTRIBUTE TOWARDS THE PURCHASE PRICE.
Completion will be 4 weeks. (28 days)
Every buyer must first create an account at underthehammer. com platform, Remote bidding facilities are also available, contact Royal Estates for further details.
FULL TERMS & LEGAL DOCUMENTATION
Available on the platform underthehammer. com
Currently producing £51,000 Per Annum with scope to increase to £57,000.00
VIEWING DAYS & TIME:
Please Enquire for viewing availability.
A highly desirable investment premises, an opportunity not to be missed.
The property is currently let as three individual units which compromise of the following which are all let on FRI lease agreements:
Anker Fish Bar (Ground Floor)
Currently in receipt of £15,000 Per Annum with a rent increase applicable in one years time (potential increase £18.000 subject to negotiations)
Central Accountancy Services (Ground Floor)
Currently in receipt of £15,000 Per Annum with a rent increase applicable in one years time (potential increase £18.000 subject to negotiations)
Casa Romaneasca (First Floor) and three bedroom flat (second floor)
Currently in receipt of £21,000 Per Annum which has recently had a lease renewal of 5 Years with rent increases set at specified intervals. The three bedroom flat located on the second floor comprtises of three large bedrooms, fitted kitchen, family bathroom and a sizable lounge.
Externally the building boasts a large paved car park to the rear which is suitable for 10+ vehicles which is shared between the individual businesses.
The premises is located in the heart of Tamworth with ample successful and thriving businesses, being less than 1 mile from Tamworth Train Station and less than 0.5 miles from the Ankerside Shopping Centre with ample parking in the vicinity.
*FREE VALUATIONS*
For a free valuation on your property, worth £30, contact Royal Estates directly OR scan the QR code pictured above.
BIDDING
For bidding please visit the bidding platform: underthehammer. com
*START PRICES & RESERVE PRICES
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.
EPC
EPCs can be viewed in full on the website underthehammer. com on the sales details page or in the legal pack.
UNCONDITIONAL AUCTION DETAILS
Contracts are exchanged immediate at the end of the auction and a 10% deposit will be taken from the highest bidder. THIS DEPOSIT WILL CONTRIBUTE TOWARDS THE PURCHASE PRICE.
Completion will be 4 weeks. (28 days)
Every buyer must first create an account at underthehammer. com platform, Remote bidding facilities are also available, contact Royal Estates for further details.
FULL TERMS & LEGAL DOCUMENTATION
Available on the platform underthehammer. com
About this agent
Royal Estates are one of Birmingham's number one residential and commercial property specialists. From 2006 Royal Estates has earned a reputation as one of the most innovative and well known independent estate agents through Birmingham, Sandwell and its surrounding areas. We know our business and the property market like no one else and every year we help thousands of clients and customers buy, sell, let, rent and manage their homes and investments. We appreciate the importance of developing long-term relationships with each of our clients. We understand that every area, every property and each individual client is different and that one size doesn't fit all, so while many agents focus purely on their sales processes, exceptional agencies like Royal Estates also focus on people and on delivering a truly excellent service to each and every one of its clients. That is why we employ some of the most experienced and most qualified agents in the industry and have our services regularly recognised. We are not your typical estate agent and over the years we have demonstrated how we like to challenge tradition and improve the way the industry operates in response to consumer needs. We are known for our unique and comprehensive marketing, including our famous fleet of branded smart cars, dynamic café-style office, and our opulent property movies. Innovation is key to every area of our business and we are committed to delivering excellent service and exceeding our client's expectations. Our team of diligent and trustworthy professionals has worked to create and maintain a business that strives to provide innovative real estate solutions to its clients at a local, national and international level. Royal Estates of Birmingham provide a professional service for corporate and private landlords. Royal Estates has been successfully selling property for many years. Networking our offices and benefiting from being located on busy high street positions, we offer clients expert knowledge of the local area and additional selling services. Royal Estates is owned and run by two local brothers and landlords, who are dedicated to providing the very best property services with expertise including Sales, Lettings, Property Management, Commercial & Investment Properties. If you are looking for a company to serve you with commitment, passion and energy; an agency that can combine local expertise with an international reach; and a knowledgeable, experienced team that you will enjoy working with and can trust, choose Royal Estates.