For sale by auction on Wednesday, 15 May 2024 at 18:00

Venue: Livestream

Situated in a prime position at the junction of Reedswood Lane and Bentley Lane, this detached property is split into three individual units comprising two residential units and one commercial.



The property brings in a total income of approximately ?17,000.00 per annum and is currently let to three long standing tenants.

1 Reedswood Lane - Commercial Unit
Currently occupied and trading as a hairdressers and beauty salon on a Lease until 2030 (see Legal Pack) at a passing rent of ?6,000.00 per annum. Comprises:- Hairdressing Salon 4m x 3.45m, Beauty Salon 3.9m x 3.8m. Additional Salon 3.4m x 3.5m, Kitchen, W.C.

1a Reedswood Lane - First Floor Self Contained Flat
Let on an Assured Shorthold Periodic (see legal pack) at ?4,800.00 per annum.

Side access with stairs to first floor, Hallway with access to Lounge 3.8m x 3.9m, Bedroom 3.6m x 2.8m, Kitchen 3.9m x 2m, Bathroom.

6 Bentley Lane - Maisonette
This property has not been inspected by the Auctioneer however we understand it to comprise a two storey maisonette benefitting from gas fired central heating and double glazing, let on an Assured Shorthold Periodic Tenancy at a rent of ?6,000.00 per annum. It is understood to comprise:-

Lounge, Kitchen, Three Bedrooms, Bathroom.

Outside
Enclosed Yard

Viewing
By appointment through Auctioneers on 0121 289 3838

EPC Rating: 1 C, 1a E, 6 Bentley Lane C,

Viewings

Additional Fees
Buyers Premium - 1% plus vat
Administration Charge - ?1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* 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.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.