The Green, Wednesbury, WS10
- PROPERTY TYPE
Commercial Property
- BEDROOMS
3
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Investment Property
- Mixed Use
- View more: underthehammer.com
Description
For Sale by under the hammer online auction. Wednesday 18th - Thursday 19th September 2024 - 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 income of £28,020 pa
The property comprises of (Two Commercial Retail Units) and (Two Flats with separate access). The property is completely occupied and the breakdown is as followed.
Hairdressers Shop A - £300 pcm - Commercial - (for lease details please see legal pack)
Barber Shop (Shop B) - £600 pcm - Commercial - (for lease details please see legal pack)
Studio Flat (ground floor) - £390 pcm - Rolling AST - potential rent increase available.
One Bedroom Flat - £625 pcm - 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: £22,980 PA (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.
Brochures
Legal PackRegister to bidEnergy Performance Certificates
EPC 1EPC 2The Green, Wednesbury, WS10
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bradley Lane Tram Stop1.7 miles
- Loxdale Tram Stop1.7 miles
- Wednesbury Parkway Tram Stop1.8 miles
About Under The Hammer, Birmingham
61 Charlotte Street, St Pauls Square, Birmingham, B3 1PX
Notes
Disclaimer - Property reference 15_2408. 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 Under The Hammer, 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.
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 Under The Hammer, Birmingham on 03455 120115.
*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.”
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