4/4a & 5/5a Hillside Court, 498 Lickey Road, Cofton Hackett, Worcestershire, B45 8UU
Mixed use Investment Property in Worcestershire
Guide price*
£375,000+
Plus fees
Lot information
Mixed Use
Auction details:
Thursday 27th March 2025 @ 08:30AM
A modern freehold mixed use investment property, comprising a double retail unit and two self-contained duplex apartments within a sought after location Current rental income: £36,150 pa.
Property Description
The property which was constructed approximately 17 years ago comprises two inter-connected retail units on the ground floor and fitted to a high standard. Occupied on a well established health and beauty salon, Lunatips Nails Ltd. The accommodation is configured to provide a main retail area, three treatment rooms, shower room, rear kitchen area and WC. The accommodation extends to approximately 833 sq.ft. (77.40 sq.m.). On the upper floors are two purpose built modern self-contained duplex apartments, each comprising hall entrance, stairs to first floor, landing, lounge and kitchen and on the second floor two double bedrooms and bathroom with WC. The properties are well presented throughout with a gas fired central heating, double glazing and sprinkler system. There is shared car parking to the rear.Location
The property occupies a prominent position fronting the western side of the B4120 Lickey Road, near to its junction with Barnt Green Road.The properties stand at the foot of the Lickey Hills Country Park, close to the affluent village of Barnt Green. Standing in a parade of local retail uses and Cofton Park Manor Care Home, the property is considered to occupy an excellent location for its existing use.
Energy Performance Rating
C.Council Tax Band
B.Tenure
Freehold – subject to the following tenancies.Tenancy Details
Units 4 & 5 - Retail: Let by way of a three year Lease, at a current rent of £18,750 per annum, with effective from 1st June 2024 to Lunatips Nail Ltd with personal guarantor. The Tenant has been in occupation for approximately 8 years.Flat 4a: Let by way of an Assured Shorthold Tenancy, at a current rent of £695 per calendar month (£8,340 per annum). The current tenant has been in occupation for approximately 9 years.
Flat 5a: Let by way of an Assured Shorthold Tenancy, at a current rent of £755 per calendar month (£9,060 per annum).
The Auctioneers have not had sight of the tenancy agreements at the time of going to print, however copies will be available within the legal pack.
Value Added Tax
We understand VAT is not applicable on this transaction.Pre-auction Offers
Please note that 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.
VIEWINGS
Buyers are deemed to have viewed the property (if access is available), viewed the virtual tours where applicable and undertaken all their due diligence checks prior to bidding.
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
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 £2,340 inc VAT (£1,950.00 + 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.
