10 & 26 Myatt Avenue, Walsall, WS9 0DR
Freehold Part Let And Part Vacant Mixed Use Investment Opportunity in Walsall
Guide price*
£120,000+
Plus fees
Sold for £130,000
Lot information
Commercial Vacant
Mixed Use
Residential Investment
Auction details:
Thursday 14th December 2023 @ 09:00AM
A Freehold Part Let And Part Vacant Mixed Use Investment Opportunity Within A Busy Neighborhood Parade Current Rental Income £6,600 PA Estimated Full Rental Income £15,600 PA
Property Description
The property comprises a three storey end of terrace of brick construction with a pitched tiled roof. The property is configured to provide a vacant ground floor self contained retail unit, which until recently had been used as a well established hair and beauty salon. Comprising a main salon, beauty room, tanning room, kitchen and WC's. The property is considered suitable for a continuation of this use or a variety of other retail uses subject to any necessary change of use, planning permission. On the first and second floors is a self contained maisonette which is currently let and provides two bedrooms, a spacious lounge, kitchen and bathroom.Location
The property occupies a prominent position lying to the northern side of Myatt Avenue in a busy local shopping parade of similar properties, and within a well established residential neighborhood.Myatt Avenue runs between Gretton Crescent and High Ridge. The property lies a short distance south west of Aldridge Village Centre, and is considered to occupy a good immediate catchment area for future trade.
Energy Performance Rating
See legal pack.Council Tax Band
26- ATenure
Freehold.Number 26- Maisonette: is let by way of an assured shorthold tenancy at a rental of £550pcm (£6,600 per annum).
Number 10- Retail Unit: Available with vacant possession upon completion. Estimated Achievable income £750pcm (£9,000 per annum).
Value Added Tax
We understand VAT is not applicable on this transaction.Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.Viewings
Strictly by appointment with the Auctioneers.DISCLAIMER
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,160 inc VAT (£1,800.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
