Let to a Charity on new 5-year lease from November 2023 (no breaks)
Approximately 2,862 sq ft
Town centre location
Nearby retailers include Tesco Extra, Iceland Supermarket, Lidl, Lloyds Bank and JD Wetherspoon
Lot 28
Auction 15th February 2024
Rent £17,500 per Annum Exclusive
Status Sold
Price £180,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
9 miles west of Birmingham City Centre, 10 miles south of Wolverhampton
Roads
A458, A491, A4036, A4100, M5
Rail
Cradley Heath Railway Station
Air
Birmingham Airport
Situation
The property is prominently situated in Cradley Heath town centre, on the north side of High Street. Nearby retailers include Tesco Extra, Iceland Supermarket, Lidl, Lloyds Bank and JD Wetherspoon.
Tenure
Freehold.
Location
Miles
9 miles west of Birmingham City Centre, 10 miles south of Wolverhampton
Roads
A458, A491, A4036, A4100, M5
Rail
Cradley Heath Railway Station
Air
Birmingham Airport
Situation
The property is prominently situated in Cradley Heath town centre, on the north side of High Street. Nearby retailers include Tesco Extra, Iceland Supermarket, Lidl, Lloyds Bank and JD Wetherspoon.
Tenure
Freehold.
Description
The property comprises a shop arranged on the ground and first floors.
VAT
VAT is applicable to this lot.
Note
Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Completion Period
Six Week Completion
EPC
Band C
Description
The property comprises a shop arranged on the ground and first floors.
VAT
VAT is applicable to this lot.
Note
Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Completion Period
Six Week Completion
EPC
Band C
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
Ground First
Retail/Ancillary Ancillary
184.12 81.77
(1,982) (880)
CRADLEY HEATH COMMUNITY LINK CHARITABLE INCORPORATED ORGANISATION (1)
5 years from 17/11/2023
£17,500
Total
265.89
(2,862)
£17,500
(1) Cradley Heath Community Link is a charitable non-profit organisation that provides a variety of support groups and services to the local community. A rent deposit of £5,250 is held by the landlord.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.