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Lot 15 Sold: £81,500

Auction: Tuesday 29th October 2019

7 Queens Parade, Wolverhampton Road, Bloxwich, West Midlands WS3 2EX

  • Photo1

Lot 15   Click here for addendum

Gross Yield 11.4%
6 Week Completion

Situation

Occupying a prominent trading position in the town centre, on the junction with the High Street nearby multiples such as Ladbrokes, Lloyds Pharmacy, Cooperative Travel, Savers, Home Bargains and a host of local traders.
Bloxwich lies on the main A34 just north of Walsall enjoying easy access to the M6 (Junction 10) and approximately 10 miles north of Birmingham City Centre.

Property

Forming part of a retail parade comprising a Ground Floor Shop with internal access to Ancillary Office/Storage at first floor level.
The property benefits from a rear service road allowing vehicular access for unloading and parking.

Accommodation

Ground Floor Shop
Gross Frontage 17'6”
Internal Width 15'9”
narrowing at the rear to 7'9”
Shop & Built Depth 40'0”
First Floor Ancillary
Area Approx. 240 sq ft
WC, Kitchenette

VAT is applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring (Law Society) lease to G. Marahwa as a Motor Spares & Accessories Shop for a term from 7th September 2017 to 30th September 2020 at a current rent of £8,000 per annum exclusive.

Note: There is a £2,400 Rent Deposit held.

Enquire about this lot:

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*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 Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 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.