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Lot 7 Click here for addendum

Freehold Commercial/Residential Investment – Shop & Flat – Gross Yield 10.7%
6 Week Completion

Situation

Located within this neighbourhood shopping centre, which includes such multiples as Sainsbury's, Spar, Post Office and Subway and a variety of independent traders, as well as the Local Library, Health Centre and a Free Car Park.
Stourbridge is a market town which lies some 12 miles west of Birmingham and 7 miles north-east of Kidderminster.

Property

A mid terrace building comprising a Ground Floor Shop with separate rear access to a Self-Contained Flat on the first floor and Garage to the rear.
In addition, the property includes walkways and a service area, subject to any rights that exist thereover - refer to the Title Plan in the legal pack.

VAT is applicable to this Lot

FREEHOLD

*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.

5 Wordsley Green Shopping Centre, Stourbridge, West Midlands DY8 5PD