Guide Price £180,000
*AUCTION GUIDE PRICE £180,000 PLUS FOR SALE BY PUBLIC AUCTION ON THURSDAY 5TH OCTOBER 2017 @ 6PM. TO BE HELD AT BANKS'S STADIUM, BESCOT CRESCENT. WALSALL, WS1 4SA (SUBJECT TO PRIOR SALE AND CONDITIONS) (*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide) Situated on the busy A41 Warwick Road in Tyseley near its junction with Medina Road, this mixed Commercial and Residential investment offers a superb opportunity. Occupying a prominent location the premises has been extended at ground and first floor levels, the permitted use is restaurant and takeaway on the ground floor and residential letting on the first floor.
Warwick Road is a major arterial route linking Birmingham City Centre approximately 4 miles away with Solihull centre and offers a high volume of passing traffic. A former restaurant which can cater for approximately 80 covers with Dining Area, Bar, Kitchen and W.C’s., First Floor: Accessed via a side entry is a self contained suite of 7 Bedrooms, Communal Lounge, well equipped Kitchen and 2 Bathrooms. This is currently let on Commercial Lease to Highfield Support Services Ltd, for a period of 15 years from 1st October 2016 with a current passing rent of £10,200 pa. Freehold subject to Lease. Viewing: There will be no viewings of the residential first floor. Viewing of the ground floor is by appointment with the auctioneers on 0121 289 3838. Buyers Premium: A Buyers Premium of £900 ( £750 plus vat ) will be charged on exchange of contracts