Commercial Property for saleGeorge Street, Walsall, WS1 1RS
Guide Price* £60,000
- A Well Presented Freehold Town Centre Commercial Investment Current Rent Passing: £6,000 pa
- We understand that the property is Freehold subject to a Lease for a term of 3 years with effect from the 10th October 2014 at a current rent of £6,000 per annum. We have not had sight of...
For Sale By Auction on 8th December 2016
A Well Presented Freehold Town Centre Commercial Investment
Current Rent Passing: £6,000 pa
We understand that the property is Freehold subject to a Lease for a term of 3 years with effect from the 10th October 2014 at a current rent of £6,000 per annum.
We have not had sight of any legal documentation relating to this letting but a copy of the Lease will be available for inspection within the Legal Pack.
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 for retail use.
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 the 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.
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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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