High Street, WEST BROMWICH

Property Details: • Type: Flat • Tenure: N/A • Floor Area: N/A

Key Features: • Sale by Modern Auction (T&Cs apply) • Subject to an undisclosed Reserve Price • Buyers fees apply • MIXED USE BUILDING • ALL CURRENTLY OCCUPIED • +£70,000 GROSS PER ANNUM • PRIME WEST BROMWICH LOCATION • FULL FREEHOLD TITLE PURCHASE

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 3 Astle Park, West Bromwich, West Midlands, B70 8NS

Full Description: SUMMARYA UNIQUE INVESTMENT OPPORTUNITY TO PURCHASE THE FREEHOLD TITLE OF THIS MIXED USE BOTH RESIDENTIAL AND COMMERCIAL BUILDING ON THE HIGH STREET. CURRENTLY FULLY OCCUPIED AND GENERATING A RENTAL YIELD OF 12%! CALL NOW TO ARRANGE YOUR VIEWINGS!DESCRIPTIONA UNIQUE INVESTMENT OPPORTUNITY TO PURCHASE THE FREEHOLD TITLE OF THIS MIXED USE BOTH RESIDENTIAL AND COMMERCIAL BUILDING ON THE HIGH STREET. CURRENTLY FULLY OCCUPIED AND GENERATING A RENTAL YIELD OF 12%! CALL NOW TO ARRANGE YOUR VIEWINGS!Please see below a list of the units and current rents being achieved as confirmed by the vendor.Unit 1: £1200 PCMUnit 2: £800 PCMUnit 3: £1000Cashpoint: £60 PCMA Studio: £750 PCMB Studio: £750 PCMC Studio: £750 PCMD Studio: £750 PCMAuctioneer's Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.Agents Note There is an existing Right of Way at the property, please enquire with the branch for further details.Agents Note There is a easement on the title, please enquire with the branch.1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. 6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.BrochuresPDF Property ParticularsFull Details