Mixed Use
A freehold deceptively large mid terraced retail unit benefiting from a separate two bedroomed apartment with a gross internal area of approximately 950 sq ft (88 sq m). The property is currently trading as a takeaway.
The property comprises a mid-terraced two storey building of brick construction surrounded by a pitch roof.
The ground floor accommodation consists of eating area, food preparation area with extraction units (combined area approximately 430 sq ft (40 sq m)). Two further food preparation areas with extraction units, walk in cold store.
Courtyard with storage.
The first floor accommodation is accessed via a separate gated entrance to the front of the building which gives access to a staircase leading to a kitchen/diner area, two bedrooms and bathroom.
Seating area, food preparation area with extraction units (combined area approximately 430 sq ft (40 sq m)). Two further food preparation areas with extraction units, walk in cold store
With Storage
Kitchen/Diner, two bedrooms, bathroom
The property is located in Rowley Regis, a busy town in the Black Country situated with in a prominent position on the busy Oldbury Road with a mixture of local and national retailers . The area is well served by public transport links.
Freehold. The ground floor accommodation will be offered with vacant possession and at the time of print the unit is trading as a takeaway. The vendor has advised verbally that the equipment will remain however, interested parties are to satisfy themselves as to this. The first floor accommodation is currently let on an Assured Short-hold Tenancy agreement at £110 per week.
We are advised that VAT is not applicable on this transaction.
Strictly by arrangement with the auctioneers.
Freehold. Part let/part vacant.
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.
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