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Lot 21
57 Great Bridge, Tipton, West Bromwich, West Midlands DY4 7HF

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(gross yield 11.7%)

SITUATION

Occupying a prominent trading position amongst an abundance of local retailers and well-established multiples including Barclays, Betfred, Heron Foods, Quicksilver and Wilko whilst also being close to the Great Bridge Retail Park, containing ASDA, Boots, Poundland and more.
Tipton is a busy West Midlands suburb located 7 miles north-west of Birmingham and only a 10 minute drive from The Hawthorns Stadium (West Bromwich Albion Football Club).
The area benefits from good road links, being close to both the A4037 and A47 and within 3 miles of the M5 and M6 motorways.

PROPERTY

A mid terraced building comprising a Ground Floor Shop with internal access to Storage on the first floor.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 14'9"
Internal Width 13'10"
Shop Depth 48'1"
Built Depth 59'10"
WC
First Floor Storage Approx. 360 sq ft1

1 Not inspected - Area from VOA.

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to A.J. Beech (trading as The Purest Vapours, having 3 branches) for a term of 3 years from 9th July 2017 at a current rent of £8,750 per annum exclusive.

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £750 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.