Property description
*AUCTION GUIDE PRICE £70,000 - £80,000 FOR SALE BY PUBLIC AUCTION ON TUESDAY 7TH JUNE 2016 @ 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) A unique opportunity to purchase a Freehold investment/development opportunity in the heart of the Walsall Regeneration Area. Comprising two self contained retail units. (One let and in good condition, the other semi derelict) together with extensive yard and outbuildings, the property also benefits from first and second floor accommodation which is in need of full modernisation and improvement. Ground Floor 21-22 Stafford Street Currently subject to a Lease dated 1/9/2005 for 15 years at an annual rent of £8,000 per annum and license to assign dated 31/1/2013 to Fletchers Cake Shop. The accommodation comprises:- Shop Front (3.9m x 2.1m), Baking Area (5.1m x 4m), Storage Room (4m x 3m), Kitchen (3m x 1.6m), W.C (1.3m x 1m), Rear Yard (13m x 7.8m) Room at the back L shaped room 17.6m x 3.7m and 11.5m x 4.6m 23 Stafford Street Shop Front 4.4m x 4.8m, Rear Yard 4.2m x 13.2m, Back Rooms 4.4m x 1.2m and 4.4m x 2.9m First and Second Floors 21-23 Stafford Street Staircases (currently unsafe) lead from both 21-22 and 23 to first floor accommodation which consists of two self contained units over two floors which are in need of complete refurbishment and modernisation. Health and Safety means that no viewings are permitted to this part of the building. Viewings: Strictly by appointment through Auctioneers on 0121 289 3838
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