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90-91 High Street, Cradley Heath, B64 5HE

Guide Price
£575,000

Business rates & charges may apply

Bond Wolfe, Commercial Sales
SECTOR
10 bedroom mixed use property for sale

Key features

  • Freehold mixed-use investment for sale.
  • Ground floor shop with 5 self-contained two-bedroom apartments.
  • Fully let producing £42,000 per annum.

Property description

Tenure: Freehold

For Sale by private treaty.

Freehold mixed-use investment for sale.
Ground floor shop with 5 self-contained two-bedroom apartments.
Prominent corner location.
Fully let producing £42,000 per annum.
Freehold Offers invited on £575,000


Offers Invited on £575,000.

Freehold Mixed Use Opportunity For Sale

The property comprises a spacious former pub premises, once known as The Five Ways, which has been converted to create a retail shop (currently trading as a carpet store) on the ground floor and five converted two bedroom flats over the first and second floors.

Location
The property is prominently located at the end of Cradley Heath High Street, at its junction with Lower High Street, Graingers Lane and St Anne's Road. The area is a well established mix of retail and commercial users, together with residential accommodation.

Tenure
Freehold. - Subject to existing tenancies.

Tenancy
The ground floor is let on a full repairing and insuring lease for a term of 3 years from 6/12/2019, expiring on 5/12/2022, at a passing rent of £18,000. Flat 1 let on an AST at £400 pcm Flat 2 let on an AST at £400 pcm Flat 3 let on an AST at £400 pcm Flat 4 let on an AST at £400 pcm Flat 5 - let on an AST at £400 pcm The combined total income is £42,000 per annum. Copies of leases and tenancy agreements are available upon request.

VAT
VAT is not applicable on this transaction.

EPC
Available upon request.

Legal Costs
Each party are to be responsible for their own legal costs incurred in this transaction.

Anti Money Laundering
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.

90-91 High Street, Cradley Heath, B64 5HE

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Cradley Heath Station0.4 miles
  • Old Hill Station1.1 miles
  • Lye Station1.6 miles

About Bond Wolfe, Commercial Sales

2nd Floor 75-77 Colmore Row Birmingham B3 2AP

Bond Wolfe is a multi-disciplined property business specialising in property Auctions and property Agency with our head office based in Birmingham. Many of our highly experienced and dedicated team have been with the business for over 30 years.

We are truly proud of our Midlands roots and honoured to have represented the region since 1983. We also act for many clients across the UK and overseas too. Bond Wolfe has a great track record of selling, letting and managing property up and dow

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Notes

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Disclaimer - Property reference 140608. 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 Bond Wolfe, Commercial Sales. 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 Bond Wolfe, Commercial Sales on 0121 396 0838.

*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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