No longer on the market
This property is no longer on the market
MapMixed use
Auction
Mixed use
24 beds
Features and description
- Freehold/Leasehold Mixed Use Investment Opportunity - Rental Income £235,420 p.a.
- 27/03/2024
- Cannock
Guide Price = £1,550,000 - £1,600,000 (+20% VAT on Non Residential Parts)
Freehold/Leasehold Mixed Use Investment Opportunity - Rental Income £235,420 p.a.
Property for auction on 27th March at 13:00at Avery Fields, 79 Sandon Rd, Birmingham B17 8DT - Public Auction including Live Stream & Telephone Bidding.
Accommodation:
Public House (69 Market Street) trading as The Heddin's Ford comprising Bar, with Wash Room and Toilets: 77.69 sq.ms (836 sq.ft), Beer Cellar: 23.4 sq.ms (217 sq.ft). Rent £5,000 p.a.
Apartments (69 Market Street) with communal Laundry Room and secure Car Parking comprising:
Apartment 1: Kitchen, Lounge, Bedroom, Shower Room with wc. Rent £5,400 p.a.
Apartment 2: One Bedroom. Rent £5,700 p.a.
Apartment 3: One Bedroom. Rent £5,400 p.a.
Apartment 4: One Bedroom. Rent £5,400 p.a.
Apartment 5: Hall, Kitchen/Living Room, Bedroom, Shower Room with wc. Rent £5,700 p.a.
Note: Only Apartments 1 & 5 have been inspected. The Rents are inclusive of water rates and shared facilities.
The Lightworks
Ground Floor Retail Units
Units 1-3 : Caf premises: 82.5 sq.ms (767 sq.ft). Rent £11,500 p.a.
Units 4-6 : Shooting Supply and Country Wear Store: 74 sq.ms (797 sq.ft). Rent £9,600 p,a,
Units 7-10 : Knitting and Haberdashery Shop: 105 sq.ms (1138 sq.ft). Rent £10,400 p.a.
Unit 11: Beauty and Foot Clinic: 17.74 sq.ms (191 sq.ft). Rent £3,240 p.a.
Unit 12: Darts Supplies: 16.81 sq.ms (181 sq.ft). Rent £3,380 p.a.
Units 14-15: Care Providers: 39.8 sq.ms (429 sq.ft). Rent £6,360 p.a.
Units 16-17: Tattoo Artist: 50.35 sq.ms (542 sq.ft) Rent £6,000 p.a.
Units 18-19: 67.1 sq.ms (723 sq.ft) Vacant
Unit 20: 24.1 sq.ms (260 sq.ft). Vacant
Unit 21: Ladies Clothing Shop: 58.15 sq.ms (626 sq.ft). Rent £6,000 p.a.
Units 22-23: Hair Salon: 50.1 sq.ms (540 sq.ft). Rent £5,400 p.a.
Unit 24 & 25: Hippy Products Candles, Gifts & Clothing: 65 sq.ms (704 sq.ft). Rent £6,000 p.a.
Units 26 & 27: Furniture and Ornaments: 61.4 sq.ms (661 sq.ft). Rent £6,500 p.a.
Unit 28: Restaurant Premises: 94.75 sq.ms (1020 sq.ft). Rent £10,000 p.a.
Office Suites
Suite 1: 13.19 sq.ms (142 sq.ft). Rent £2,400 p.a.
Suite 2: 28.49 sq.ms (306 sq.ft). Rent £2,400 p.a.
Suite 3: 7.58 sq.ms (81 sq.ft). Rent £2,400 p.a.
Suite 4: 23.01 sq.ms (247 sq.ft). Rent £1,500 p.a.
Suites 5/6: 86.64 sq.ms (932 sq.ft).Rent £6,000 p.a.
Note: All Commercial rents are exclusive of VAT & Service Charge.
The Lighthouse Loft Apartments
Communal Side Access with Door Entry System, Internal Stairs and Landings containing Apartments 1 & 2 and doorway to Roof Terrace with Decked amenity area providing access to Apartments 3 -20.
Apartment 1: One Bedroom. Rent £6,420 p.a.
Apartment 2: One Bedroom. Rent £5,640 p.a.
Apartment 3: One Bedroom. Rent £5,640 p.a.
Apartment 4: One Bedroom. Rent £5,040 p.a.
Apartment 5: One Bedroom. Rent £5,040 p.a.
Apartment 6: One Bedroom. Rent £5,040 p.a.
Apartment 7: One Bedroom. Rent £5,040 p.a.
Apartment 8: One Bedroom. Rent £5,400 p.a.
Apartment 9: One Bedroom. Rent £5,040 p.a.
Apartment 10: One Bedroom. Rent £5,040 p.a.
Apartment 11: One Bedroom. Rent £5,040 p.a.
Apartment 12: One Bedroom. Rent £5,040 p.a.
Apartment 14: One Bedroom. Rent £5,040 p.a.
Apartment 15: Kitchen/Living Room, Bedroom, Shower Room with wc. Rent £5,400 p.a.
Apartment 16: One Bedroom. Rent £5,400 p.a.
Apartment 17: One Bedroom. Rent £5,640 p.a.
Apartment 18: Hall, Kitchen, Lounge, Bedroom, Shower Room with wc. Rent £6,420 p.a.
Apartment 19: One Bedroom. Rent £5,640 p.a.
Apartment 20: Hall, Kitchen/Living Room, Bedroom, Shower Room with wc. Rent £6,780 p.a.
Note: Only Apartments 15, 18 & 20 have been inspected. The Rents are inclusive of water rates and shared facilities including Laundry Room.
Outside: (Rear of 69 Market Street) Vehicular access to secure palisade fenced and gated car parking area with bin storage.
Total Rental Income: £235,420 per annum
Tenure
69 Market Street: Freehold (Title No. SF134618)
The Lightworks: Leasehold (Title No. SF554219). Term: 150 years from 7 May 2009. Ground Rent: currently £14,500 p.a. (subject to review).
Legal Documents: Available at Completion: 56 days from exchange of contracts.
VAT: Chargeable on the commercial part of the building. Refer to the Legal Pack
EPC Rating: Refer to Legal Pack
Council Tax: Each Flat is Band A
Viewings: Via Cottons[use Contact Agent Button]
An extensive selection of internal/external photos are available on our website.
Freehold/Leasehold Mixed Use Investment Opportunity - Rental Income £235,420 p.a.
Property for auction on 27th March at 13:00at Avery Fields, 79 Sandon Rd, Birmingham B17 8DT - Public Auction including Live Stream & Telephone Bidding.
Accommodation:
Public House (69 Market Street) trading as The Heddin's Ford comprising Bar, with Wash Room and Toilets: 77.69 sq.ms (836 sq.ft), Beer Cellar: 23.4 sq.ms (217 sq.ft). Rent £5,000 p.a.
Apartments (69 Market Street) with communal Laundry Room and secure Car Parking comprising:
Apartment 1: Kitchen, Lounge, Bedroom, Shower Room with wc. Rent £5,400 p.a.
Apartment 2: One Bedroom. Rent £5,700 p.a.
Apartment 3: One Bedroom. Rent £5,400 p.a.
Apartment 4: One Bedroom. Rent £5,400 p.a.
Apartment 5: Hall, Kitchen/Living Room, Bedroom, Shower Room with wc. Rent £5,700 p.a.
Note: Only Apartments 1 & 5 have been inspected. The Rents are inclusive of water rates and shared facilities.
The Lightworks
Ground Floor Retail Units
Units 1-3 : Caf premises: 82.5 sq.ms (767 sq.ft). Rent £11,500 p.a.
Units 4-6 : Shooting Supply and Country Wear Store: 74 sq.ms (797 sq.ft). Rent £9,600 p,a,
Units 7-10 : Knitting and Haberdashery Shop: 105 sq.ms (1138 sq.ft). Rent £10,400 p.a.
Unit 11: Beauty and Foot Clinic: 17.74 sq.ms (191 sq.ft). Rent £3,240 p.a.
Unit 12: Darts Supplies: 16.81 sq.ms (181 sq.ft). Rent £3,380 p.a.
Units 14-15: Care Providers: 39.8 sq.ms (429 sq.ft). Rent £6,360 p.a.
Units 16-17: Tattoo Artist: 50.35 sq.ms (542 sq.ft) Rent £6,000 p.a.
Units 18-19: 67.1 sq.ms (723 sq.ft) Vacant
Unit 20: 24.1 sq.ms (260 sq.ft). Vacant
Unit 21: Ladies Clothing Shop: 58.15 sq.ms (626 sq.ft). Rent £6,000 p.a.
Units 22-23: Hair Salon: 50.1 sq.ms (540 sq.ft). Rent £5,400 p.a.
Unit 24 & 25: Hippy Products Candles, Gifts & Clothing: 65 sq.ms (704 sq.ft). Rent £6,000 p.a.
Units 26 & 27: Furniture and Ornaments: 61.4 sq.ms (661 sq.ft). Rent £6,500 p.a.
Unit 28: Restaurant Premises: 94.75 sq.ms (1020 sq.ft). Rent £10,000 p.a.
Office Suites
Suite 1: 13.19 sq.ms (142 sq.ft). Rent £2,400 p.a.
Suite 2: 28.49 sq.ms (306 sq.ft). Rent £2,400 p.a.
Suite 3: 7.58 sq.ms (81 sq.ft). Rent £2,400 p.a.
Suite 4: 23.01 sq.ms (247 sq.ft). Rent £1,500 p.a.
Suites 5/6: 86.64 sq.ms (932 sq.ft).Rent £6,000 p.a.
Note: All Commercial rents are exclusive of VAT & Service Charge.
The Lighthouse Loft Apartments
Communal Side Access with Door Entry System, Internal Stairs and Landings containing Apartments 1 & 2 and doorway to Roof Terrace with Decked amenity area providing access to Apartments 3 -20.
Apartment 1: One Bedroom. Rent £6,420 p.a.
Apartment 2: One Bedroom. Rent £5,640 p.a.
Apartment 3: One Bedroom. Rent £5,640 p.a.
Apartment 4: One Bedroom. Rent £5,040 p.a.
Apartment 5: One Bedroom. Rent £5,040 p.a.
Apartment 6: One Bedroom. Rent £5,040 p.a.
Apartment 7: One Bedroom. Rent £5,040 p.a.
Apartment 8: One Bedroom. Rent £5,400 p.a.
Apartment 9: One Bedroom. Rent £5,040 p.a.
Apartment 10: One Bedroom. Rent £5,040 p.a.
Apartment 11: One Bedroom. Rent £5,040 p.a.
Apartment 12: One Bedroom. Rent £5,040 p.a.
Apartment 14: One Bedroom. Rent £5,040 p.a.
Apartment 15: Kitchen/Living Room, Bedroom, Shower Room with wc. Rent £5,400 p.a.
Apartment 16: One Bedroom. Rent £5,400 p.a.
Apartment 17: One Bedroom. Rent £5,640 p.a.
Apartment 18: Hall, Kitchen, Lounge, Bedroom, Shower Room with wc. Rent £6,420 p.a.
Apartment 19: One Bedroom. Rent £5,640 p.a.
Apartment 20: Hall, Kitchen/Living Room, Bedroom, Shower Room with wc. Rent £6,780 p.a.
Note: Only Apartments 15, 18 & 20 have been inspected. The Rents are inclusive of water rates and shared facilities including Laundry Room.
Outside: (Rear of 69 Market Street) Vehicular access to secure palisade fenced and gated car parking area with bin storage.
Total Rental Income: £235,420 per annum
Tenure
69 Market Street: Freehold (Title No. SF134618)
The Lightworks: Leasehold (Title No. SF554219). Term: 150 years from 7 May 2009. Ground Rent: currently £14,500 p.a. (subject to review).
Legal Documents: Available at Completion: 56 days from exchange of contracts.
VAT: Chargeable on the commercial part of the building. Refer to the Legal Pack
EPC Rating: Refer to Legal Pack
Council Tax: Each Flat is Band A
Viewings: Via Cottons[use Contact Agent Button]
An extensive selection of internal/external photos are available on our website.
About this agent
Cottons have been successfully selling property by Auction for well in excess of 50 years and are now established as one of the leading Auctioneers outside of London. Our Auctions are usually held at the Holte Suite, Aston Villa Football Club, Aston, Birmingham and typically comprise of an extensive range of residential and commercial property, land, and ground rent investments. Whilst our catalogue will normally comprise of property within the Midlands Region, we have a proven track record for selling lots further a field and extending across the UK. If you have a property to include in any of our forthcoming Auctions, or if you wish to receive a catalogue please contact us immediately.