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Commercial Property for sale

George Street, Walsall, WS1 1RS

Guide Price* £65,000

Property Description

Key features

  • A Well Presented Freehold Town Centre Commercial Investment Current Rent Passing: £7,000 pa
  • We understand that the property is Freehold subject to a Lease for a term of 3 years with effect from the 1st October 2012 at a current rent of £7,000 per annum. The tenant is currently...

Full description

Tenure: Freehold

For Sale By Auction on 8th December 2016

A Well Presented Freehold Town Centre Commercial Investment
Current Rent Passing: £7,000 pa

Tenure
We understand that the property is Freehold subject to a Lease for a term of 3 years with effect from the 1st October 2012 at a current rent of £7,000 per annum. The tenant is currently holding over.
We have not had sight of the Legal documentation relating to this letting however a copy of the Lease will be available for inspection within the Legal Pack.

Property Description
The property comprises an attractive mid terraced three storey building of brick and part rendered construction with a slate roof. The property is well presented throughout and is currently used as a local Solicitors office.

Location
The property is situated within a parade of similar properties lying to the northern side of George Street opposite an Asda superstore and within an area which is currently undergoing extensive investment and improvement including a new retail and leisure development to the rear. The established shopping areas of High Street, the Saddlers Centre and Jerome retail park are all within close proximity.

* Definition of Guide Prices
The guide price is an indication of the seller’s reserve price and is given to assist prospective purchasers. It is usual, but not always the case, that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing. The guide price can be adjusted by the seller at any time up to the day of the auction in light of the interest shown during the marketing period. The guide price can be shown in the form of a minimum and maximum price range within which an acceptable price (reserve) would fall. Please note the reserve price will not exceed the top end of the guide price but the actual sale price can exceed the guide price. On occasions the sale price does exceed the guide price significantly.


Map & Street View

Disclaimer - Property reference 55463. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by SDL Auctions Bigwood, Birmingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Auctions Bigwood, Birmingham on 0121 233 5046.


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