Property for sale
Property description & features
- Tenure: Freehold
- View more: underthehammer.com
For Sale by under the hammer online auction. Head over to our website to download the legal pack, register to bid and see more information.
A Freehold Mixed use investment property with potential of £28,020 PER ANNUM consisting of (Two Commercial Retail Units) and (Two Flats with separate access) the property is completely occupied and the breakdown is as followed.
Shop A - VACANT - Commercial - (for lease details please see legal pack)
Barber Shop (Shop B) - £600pcm - Commercial - (for lease details please see legal pack)
Studio Flat (ground floor) - £390.00pcm - Rolling AST - potential rent increase available.
One Bedroom Flat - £520.00pcm - Rolling AST - potential rent increase available.
To the rear of the building there is also a converted shipping container, this was previously rented at £325pcm.
Current Income Per Annum: £18,1200PA (with scope to increase the rent to the market value of £28,020PA)
The property is located in a prime position of Wednesbury, having parking available at the front with thriving business's close by, the property further benefits from a large rear garden which could potentially be suitable for further out buildings or further development opportunities. (subject to planning).
Please be aware that all the residential properties are subject to rent increases as the flats are all on Rolling AST agreements. All residential properties have separate access leading into each apartment via the rear of the building.
The property has potential for a development to the rear as this is now a new build housing estate (subject to planning).
Here's what to do next
- Visit - Our website and view the auction terms.
- View - Book a viewing directly through our website.
- Register - Get registered prior to the auction opening date.
- Legal Pack - Download and view the legal pack to find out all the relevant information.
- Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
- Bidding - Everything is completed online through the website and the intuitive bidding controls.
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Property reference 15_2408. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Under The Hammer - Birmingham.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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