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    Key features

    • This property has been moved to 2nd July auction due to no legal pack
    • Investment let at £21,920 p.a. (5 x flats are currently vacant)
    • Comprising of 2 x residential units at ground floor and 6 x self contained flats on 1st & 2nd floor
    • 7 High Street (smile labs) let at £10,400 p.a.
    • 8 High Street (Extreme cuts barbers) let at £6,960 p.a.
    • One of the flats let at £4,560 p.a.
    • Instant asset management potential in letting out the vacant residential units
    • Break up potential to sell off the units separately

    Description

    Click here for virtual tour of Smile labs

    Click here for virtual tour of Barbers

    Click here for virtual tour of flats

    The property is mid terrace building forming part of an local shopping parade comprising of 2 x retail units at ground floor and 6 x Self contained flats at 1st and 2nd floor. There is rear car park to the back of the property that has an approx. 8 car parking spaces which can be accessed via Pennant road. There is also rear access to both the commercial units.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to Accommodation and Tenancy schedule

    Tenancy

    Please refer to Accommodation and Tenancy schedule

    Rent

    £21,920 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located on the southside of High Street between the junctions of Corngreaves Road and Queen Street.

      Cradley Heath Station located an approx. 0.5 miles

      Transport

      Cradley Heath Station - National Rail services

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums