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Retail - High Streets for auction in Lichfield

Create Alert 1 result Sorry, we currently do not have any listings in 0 miles of Lichfield - Please find below the nearest listings available.
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Auction Venue
Aston Villa FC, Holte Suite, Trinity Road, Birmingham, B6 6HE
Date : 12th December 2018
Time : 10:30 am
Guide Price : in excess of £58,000+

A freehold town centre retail investment current rent passing £6,500 per annum rising to £7,000 per annum. Potential gross income £12,000 per annum

Property Description
DRAFT DETAILS The property comprises an attractive end of terrace three storey building of brick and part rendered construction with a slate roof. The ground floor of the property is utilities as a popular clothing store and has a trading area of approximately 250 sq ft (23 sq m). The first floor accommodation is accessed from the retail unit and comprises of a landing, two double rooms and a wc. The second floor is currently not accessible and would require a staircase to be installed. We are advised it comprises of a single room which has not been inspected and as such interested parties are to satisfy themselves as to the layout. We consider the upper accommodation suitable to change of use, subject to obtaining the appropriate planning permission into residential accommodation. Separate access could potentially be realised by reconfiguring the layout of the stairs to the side of the property. Location The property is situated within a parade of similar proprieties lying to the northern side of George Street opposite an ASDA superstore and with an area that is currently undergoing extensive investment and improvement including a new retail and leisure development to the rear. The established shopping areas of the high street, Sadlers centre and Jerome retail park are all within close proximity. We understand the property is subject to term of 5 years commencing December 2017 at a current rent passing of £6,500 per annum rising to £7,000 per annum from December 2019. We have not have sight of any legal documentation, but a copy will be made available within the legal pack. We understand Value Added Tax will be chargeable on this transaction.

Tenure
Freehold. Subject to tenancy.
65, George Street, Walsall, WS1 1RS
A freehold town centre retail investment current rent passing £6,500 per annum rising to £7,000 per annum. Potential gross income ...
Type: Retail - High Street, Retail
Location: 65 George Street, WS1 1RS
Images: 1
Brochures: 1
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