Commercial Property
The property comprises a spacious ground floor mid terraced retail unit, which currently operates as a cafe trading as Jenny's.
The premises occupy a prominent position fronting the main High Street, Brierley Hill, immediately adjacent to the Post Office and close to Lloyds Bank. There is a good mix of local and multiple retailers within the vicinity, including the nearby Moor Centre, where major retailers including Boots, Poundland and Greggs are located.
Approximate internal areas and dimensions
Average internal width 12'4" (3.7m).
Total Shop Depth 76'9" (23.4m)
Total Ground Floor Area 995 sq.ft. (92 sq.m.)
We understand that the property is Freehold.
The ground floor is let on a Lease for a term of 12 years with effect from 23rd February 2012, expiring on 22nd February 2024, at a current rental of £12,000 per annum. The lease provides for rent reviews every four years.
The first floor residential flat is self-contained and has been sold off on a 199 year Lease from 1st February 2008, at a peppercorn rent.
We have not had sight of any legal documentation relating to tenure and all interested parties are advised to refer to this within the legal pack.
We understand that VAT is not chargeable on this transaction. However, interested parties should refer to the legal pack for verification.
Strictly by arrangement with the Auctioneers.
Freehold. Commercial investment.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
