Retail Property (High Street) in Willenhall
85 Stafford Street, Willenhall WV13 1RT
- Lot No: 100
- Property Type: Retail Property (High Street)
- Contract Type: Unconditional with Variable Fee
Guide Price* £125,000+ plus fees
Result Sold Prior to Auction
Property Description
The property Comprises a highly prominent two storey end of terrace brick build building benefitting from several period features, separate access to the first-floor accommodation and electric Roller Shutters. It is located within a prime position and backs onto a large council car park. The building extends approximately 2,9026 sq ft GIA over two stories. (We have estimated the upper stories dimensions and would advise interested parties to ensure they are satisfied as to the accommodation prior to bidding. The accommodation consists of: to the ground floor, a double fronted retail unit with retail space extending 121 sq m (1302 sq ft) with sunken lights internal roller shutters, access to a cellar and side fire escape. to the rear is a storage area extending 32 sqm (344 sq m) with fire escape leading to a substantial council owned car park and male and female WC We have not internally inspected the upper floors, however we estimate the size to be in the region of 119 sq m (1280 sq ft) with an L shaped layout and used as office accommodation finished to a good standard of repair. Access is via a secure entrance to the front of the building along with a fire escape to the rear. The ground floor will be vacant upon completion. We are advised that the first-floor accommodation is held on a rolling basis with rent passing of £354pcm. Interested parties are advised to inspect the legal pack for more information. The property occupies a prime position fronting Stafford Street at its junction with Union Street in the heart of Willenhall town centre, as such all local shopping and leisure amenities are within proximity including both National and Local Retailers. Bus and Rail connections are frequent with the area benefiting from upgrading to the local rail network as part of a £55 million scheme
Draft Sales Details
These sales details are awaiting vendor approval.
Tenure
Freehold
- 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.
Auction Details
Date 05th September 2023
Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
Lot Information
Contact Us
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