Next auction Thursday 20th June 2.30PM

Investment Property, Tameway Plaza, Goodall Street, Walsall, WS1 1JZ



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Guide price

£285,000


Property Type

Investment


Key Features

  • An opportunity to acquire a high yielding investment property let to Juniper Training
  • Let on a 6 year lease at a current rent reserved of £32,500 pax
  • Located in the heart of Walsall town centre

Part of the 26 October 2023 auction
The Nottingham Racecourse at 2.30PM

An opportunity to acquire a well presented investment property let to Juniper Training Limited for a term of 6 years at a current rent reserved of £32,500 pax

  • Town centre location in the heart of Walsall
  • Part of Tameway Plaza, a new residential conversion
  • Tameway Plaza offers 147 one & two bed apartments
  • Close to Old Square Shopping Centre, ASDA & NCP car park
  • Comprising a well presented ground floor training facility
  • Providing a mix of classrooms, offices, stores & WC's
  • The facility was fitted out to a high standard in 2018
  • Entrance foyer and reception off Goodall Street
  • Suspended ceilings with inset lighting & good levels of glazing
  • An opportunity to acquire a high yielding investment opportunity

Contact Auction Estates on (0115) 7844600

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Offered For Sale on a Long leasehold basis for a term expiring 2139 at a peppercorn rent. Further details to be provided in the legal pack. The property is let to Juniper Training Limited as an Educational Facility on a 6 year lease from 24th August 2018 with a current rent reserved of £32,500 pax

Refer to Legal Pack

Email: mm@bannerjones.co.uk
Telephone: 01623 675805

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