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Commercial Property for sale

Stafford Street, Walsall

Guide Price* £70,000

Property Description

Key features

  • Auction

Full description

*AUCTION GUIDE PRICE £70,000 - £80,000 FOR SALE BY PUBLIC AUCTION ON TUESDAY 7TH JUNE 2016 @ 6PM. TO BE HELD AT BANKS'S STADIUM, BESCOT CRESCENT. WALSALL, WS1 4SA (SUBJECT TO PRIOR SALE AND CONDITIONS) (*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide) A unique opportunity to purchase a Freehold investment/development opportunity in the heart of the Walsall Regeneration Area. Comprising two self contained retail units. (One let and in good condition, the other semi derelict) together with extensive yard and outbuildings, the property also benefits from first and second floor accommodation which is in need of full modernisation and improvement. Ground Floor 21-22 Stafford Street Currently subject to a Lease dated 1/9/2005 for 15 years at an annual rent of £8,000 per annum and license to assign dated 31/1/2013 to Fletchers Cake Shop. The accommodation comprises:- Shop Front (3.9m x 2.1m), Baking Area (5.1m x 4m), Storage Room (4m x 3m), Kitchen (3m x 1.6m), W.C (1.3m x 1m), Rear Yard (13m x 7.8m) Room at the back L shaped room 17.6m x 3.7m and 11.5m x 4.6m 23 Stafford Street Shop Front 4.4m x 4.8m, Rear Yard 4.2m x 13.2m, Back Rooms 4.4m x 1.2m and 4.4m x 2.9m First and Second Floors 21-23 Stafford Street Staircases (currently unsafe) lead from both 21-22 and 23 to first floor accommodation which consists of two self contained units over two floors which are in need of complete refurbishment and modernisation. Health and Safety means that no viewings are permitted to this part of the building. Viewings: Strictly by appointment through Auctioneers on 0121 289 3838

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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 Auction House Birmingham & Black Country, Commercial Auctions on 0192 232 1002.

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