1 & 3 Moss Grove, 3-5 The Cross, Kingswinford, DY6 9JA
Freehold commercial investment in Kingswinford
Guide price*
£350,000+
Plus fees
Sold prior to auction, for an undisclosed amount
Lot information
Commercial Investment
Auction details:
Wednesday 10th December 2025 @ 08:30AM
A prominent freehold investment comprising a block of three properties together with forecourt parking, and small rear yard area. Current rental income £40,500 PA.
Property Description
The property comprises a single storey block, comprising of three self contained units including an accountants office, opticians and gents barbers, all are established tenants. 1 & 3 Moss Grove comprises a modern professional office trading as 'Tax Assist'. Configured to provide a main open plan office, two meeting rooms, kitchen/staff area, ladies and gents WC's and ancillary storage. 3/3a The Cross comprises a well established opticians having a main retail display area/reception, two sight test rooms, office, kitchen and WC. 5 The Cross is a gents barbershop with a main salon area, store room, kitchen and WC. Outside the block there is forecourt parking and small rear yard.Location
The property occupies a prominent corner position at the junction of the main A491 Moss Grove and the A4101, on a busy road junction with a mix of local shopping, offices, a dental practice, The Cross Inn immediately opposite together with residential development.The A491 is a busy local route throughout the day linking Stourbridge and Wolverhampton, and the property is approximately equidistant between Wombourne and Amblecote.
Energy Performance Rating
1 & 2 Moss Grove: E, 3/3A The Cross: C, 5 The Cross: C.Tenure
Freehold – Subject to the existing tenancies.Tenancy Details
1 & 3 Moss Grove - Let by way of a 10 year lease to Auctus professional services ltd T/A Tax Assist, with effect from August 2020 at a current rental of £15,000 PA.We understand there is an outstanding rent review (August 2025)
3 & 3A The Cross - Let by way of a 10 year lease with effect from December 2016, to R A Lawley Ltd T/A Lawley Opticians at a current rental of £16,000 PA.
5 The Cross - Let to an individual T/A Phase One Barbering for a term of 6 years with effect from March 2024, with a guarantor and current rent of £9,500 PA.
We have not had sight of the full legal documentation, copies will be available for inspection within the legal pack.
Value Added Tax
We understand VAT is not applicable on this transaction.Viewings
Strictly by appointment with the Auctioneers. Please complete the ‘request a viewing’ form or contact the office.DISCLAIMER
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 include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
VIEWINGS
Buyers are deemed to have viewed the property (if access is available), viewed the virtual tours where applicable and undertaken all their due diligence checks prior to bidding.
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + 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 has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. 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.
