This property is no longer on the market
Property
Property description & features
- Tenure: Freehold
- Underthehammer.com
- Freehold
A freehold mixed use part investment property consisting of one commercial retail unit (currently let to a convenience store) and a three bedroom apartment (which will be vacant upon completion) with separate access.
The property is located in a prime position of Oldbury, with high foot fall. Retail premises benefits of a successful mini market with storage rooms, kitchenette and W.C.
Upstairs, a three bedroom duplex flat consisting of entrance hallway, kitchen, lounge, family bathroom and three double bedrooms accessed via a separate entrance currently undergoing modernisation.
This property also comes with one parking space to the rear which is allocated to the flat.
Furthermore a small ground floor unit is included to the rear which is currently vacant, this could also be rented out separately to provide a further income.
The shop is currently being rented for £800pcm (with scope to increase in March 2024)
Potential rental value for three bedroom flat £850+PCM.
Please note that the completion date for this property will not be effected by the Christmas period.
BIDDING
For bidding please visit: underthehammer. com
*START PRICES & RESERVE PRICES
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.
EPC
EPCs can be viewed in full on our website underthehammer. com on the sales details page or in the legal pack.
UNCONDITIONAL AUCTION DETAILS
Contracts are exchanged immediate at the end of the auction and a 5% deposit will be taken from the highest bidder. THIS DEPOSIT WILL CONTRIBUTE TOWARDS THE PURCHASE PRICE.
Completion will be 8 weeks. (56 days)
Every buyer must first create an account at underthehammer. com Remote bidding facilities are also available, contact the auction office for further details.
FULL TERMS & LEGAL DOCUMENTATION
Available at underthehammer. com
Places of interest
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Property reference 2950. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Royal Estates - Bearwood.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 11, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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