168 Lichfield Road, Brownhills, Walsall, West Midlands, WS8 6JB

Guide Price £565,000 * Plus 3% Buyers Premium plus VAT

For sale by unconditional online auction on the 29th of May 2025.

Registration is now open, bidding opens on 29th of May at 10:00 and ends on 29th of May at 12:05.

Exceptional Mixed-Use Investment Producing £69,000 p.a. with Further Income Potential.

Description
Guide Price: £565,000+
Freehold Buyer's Premium: 3%

An outstanding investment opportunity to acquire a substantial freehold mixed-use property in a prominent position on Lichfield Road. This is a rare asset combining residential, commercial, and yard income currently generating £69,000 per annum with scope to increase to over £76,000 p.a. when fully let.

Ideal for investors seeking a high-yielding, diversified income stream, with the added benefit of future planning potential and optional continuation of two profitable motor trade businesses.

Highlights

- Two self-contained residential flats, fully let and producing £15,000 per annum
- MOT testing centre and garage repair business both paying £1,000/month total £24,000 per annum
- Yard space let to Beeches Recovery at £1,200/month (£14,400 per annum)
- Single parking bay let to the RAC at £300/month (£3,600 per annum)
- Additional vacant bay previously let at £600/month potential to add a further £7,200 per annum
- Total current income: £69,000 p.a.
- Fully-let potential: £76,200 p.a.

Breakdown

- Residential flats (2x 1-beds) with retrospective planning application in progress to formalise residential use and reconfigure one into a 2-bed
- Flats presented in good condition with tenants mid-term and willing to remain
- Yard area split between three occupiers including RAC and Beeches
- Large garage with MOT and repair workshops businesses operated by current owner but paying formal rent
- Vacant front bay offers instant opportunity to boost income


- The businesses may be available as a going concern by separate negotiation, including MOT equipment (estimated value c. £75,000)
- Prospective buyers may explore redevelopment or intensification of use, subject to planning
- Re-letting the vacant bay alone increases yield significantly

Superbly situated on the A461 (Lichfield Road), just outside Brownhills town centre with easy access to the M6 Toll, A5 and Walsall. This is a well-established mixed-use area popular with both residents and local businesses.

Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information.
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL - Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.