Next auction Thursday 22nd February 2.30PM

2 Goodall Street, Walsall, WS1 1QJ



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Guide price

£75,000+


Property Type

Investment


Key Features

  • Town centre high yielding investment property let on a 5 year lease at £8,000 pa
  • A recently constructed unit let to a beauty and cosmetics company
  • Offering a high yielding investment property

Part of the 17 August 2023 auction
The Nottingham Racecourse at 2.30PM

An opportunity to acquire a recently constructed town centre commercial investment property let to a beauty and cosmetic clinic on a 5 year lease at a rent of £8,000 per annum

  • Town centre location in the heart of Walsall
  • Part of Tameway Tower, a new residential conversion scheme
  • Close to Old Square Shopping Centre, ASDA & NCP car park
  • Comprising a ground floor self contained beauty and cosmetic clinic
  • Newly fitted out and well presented accommodation
  • Reception area, consultation rooms, WC's and staff area
  • High levels of glazing onto Bridge St
  • Suspended ceilings with inset lighting
  • 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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 26/04/2139 (116 years remaining) at a peppercorn rent, subject to the existing lease to Majestic Company London limited (Company No: 11448392) which is for a term of five years expiring 19th January 2026 at a rent of £8,000 per annum exclusive.

Refer to Legal Pack

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

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