Mixed Use
A freehold mixed-use investment opportunity comprising a ground floor retail shop with separate office and wc. To the first floor there is a one bedroomed self-contained flat. Currently the ground floor retail unit is let at £450 pcm. The flat above is let at £350 pcm, therefore overall producing a rental income of £9,600 per annum when fully let. The auctioneers have not yet had sight of the agreement for the ground floor retail unit.
The retail unit benefits from A5 licence for a takeaway
Outside there is an additional outbuilding currently let on a verbal agreement which generates a rental revenue of £60 per week, totaling £3,120 per annum, and a rear garden. We understand the outbuilding can be sold with vacant possession should the purchaser not wish to continue with the tenancy.
The property is conveniently located between Cannock and Hednesford town centres, providing easy access to local transport networks, amenities, recreational space and Cannock Chase.
Mixed use freehold investment opportunity comprising ground floor retail with separate office and WC.
One bedroomed self contained flat.
Outbuilding and rear garden.
Freehold. Subject to tenancy.
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.
