19, 20 & 20a Upper High Street, Wednesbury, WS10 7HQ
3 commercial investment properties in Wednesbury
Sold prior to auction, for an undisclosed amount
A Parade Of Three Freehold Commercial Investment Properties Current Gross Income £26,173.68 PA
Property DescriptionA parade of three terraced ground floor shops fronting Upper High Street, together with the freeholds on three first floor flats which have been sold off on long leases.
LocationThe property occupies a prominent location along Upper High Street in Wednesbury town centre. Upper High Street feeds off the main A4196 and A461 Dudley Street.
Energy Performance Rating19a- C
TenureFreehold – Subject to the existing tenancy.
Auctioneers NoteAt the time of going to print, the Auctioneers were unable to inspect the property internally and therefore the accommodation details should not be relied upon.
Remote Bidding AuctionThis property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.
ViewingsExternal viewings only.
|Flat No.||Lease Term||Approx. Reversion|
|19 Upper High Street||£835pcm- £10,020 per annum||Currently holding over|
|20 Upper High Street||£666.97pcm- £8,003.64 per annum||Currently holding over|
|20a Upper High Street||£666.67pcm- £8,000.04 per annum||For a term of 5 years from 1st February 2018|
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
REMOTE BIDDING AUCTION
Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only. You must pre-register to bid for each auction no later than 24 hours prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
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COSTS AT AUCTION
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The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for
the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.