Mixed Use in Brierley Hill

117 High Street, Brierley Hill, West Midlands DY5 3AU
  • Lot No: 74
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Variable Fee

Guide Price* £135,000+ plus fees

Result Sold at Auction £175,000

Property Description

DRAFT DETAILS A mixed use investment opportunity comprising a commercial unit and three apartments located along Brierley Hill High Street. We are advised of Current Gross Income £21,000 pa. The property comprises a two storey mid terrace building with a ground floor retail unit extending circa 500 sq. ft. currently trading as a general store. The unit benefits from a roller shutter and is in a prime position along Brierley Hill High Street approximately a mile from the Merry Hill Shopping Centre. Both National and local retailers are present within the immediate vicinity and Brierley Hill centre is well connected by Bus and Rail links to Birmingham. The residential accommodation is accessed via an alley way to the side of the building and comprises self contained accommodation. To the rear is a communal court yard.

Rent Roll

Ground Floor Commercial: £400.00 per month. Flat 117A = £450.00 per month. Flat 117B = £500.00 per month. Flat 117C = £400.00 per month. Total Income £21,000 pa. We advise interested Parties to inspect the legal pack for more information.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 28th April 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

117 High Street, Brierley Hill, West Midlands DY5 3AU