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The Old Post Office, 325 High Street, West Bromwich, B70 8LU

Unsold, the last bid was for £420,000. Please refer to Auctioneer for Reserve.
 

Guide Price £475,000-£495,000 plus fees


Thursday 26th February 2015

11.00am
Key Features
A freehold mixed use commercial investment property with parking, considered suitable for residential conversion to the upper floors, subject to obtaining the necessary consents:-<0.5mm/> Current Gross Income: £40,750 pa.<0.5mm/> Potential Gross Income: £60,000pa.
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Unsold, the last bid was for £420,000. Please refer to Auctioneer for Reserve.

Commercial Property

Location

The property is located on West Bromwich High Street, in a busy location in the heart of the business sector, close to West Bromwich Building Society, Lloyds Bank Plc, Britannia Building Society, Natwest Bank and many other High Street Solicitors and professionals.
The property lies adjacent to the Job Centre and Junction 1 of the M5 motorway is less than a mile away, with the Metro line and bus station being within approximately 5 minutes walking distance.

Property Description

The property comprises a former Post Office, now currently used as a mixed use commercial premises.
Access is gained via the main front entrance door from the High Street, as well as from the car park to the rear. The ground floor comprises open plan accommodation, currently utilised as a gym.
To the first and second floors there is further office accommodation and WCs. The first and second floors are ideally suited to conversion back to their previous residential use, subject to obtaining the necessary planning consent.

Property Type

Commercial Investment

Tag Line

A freehold mixed use commercial investment property with parking, considered suitable for residential conversion to the upper floors, subject to obtaining the necessary consents:-
Current Gross Income: £40,750 pa.
Potential Gross Income: £60,000pa.

Tenure

We understand that the property is Freehold and is being sold subject to the existing tenancies.

Tenure: