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Terms and Conditions

By submitting a bid you confirm, you have read and understood the terms of sale and special conditions in the legal pack and have clarified all information with your solicitor.

If you’re the successful bidder, you agree to pay the deposit amount and fees and charges associated with this property immediately after the end of the auction.

By placing a bid, you are authorising the auctioneer to sign the contract of sale on your behalf. The exchange of contracts will take place immediately and which point you will become legally bound to purchase and the deposit will contribute towards the purchase price.

Online auction

Mixed Use - 3 Commercial shops with 3 Self Contained Flats, Brierley Hill, DY5 2RG

Mill Street, Brierley Hill DY5 2RG, UK

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£259,000

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End: 17-12-2020 15:00:00

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The sale of this lot is subject to an auction administration fee, the greater of £2,500 + VAT or 1.75% +VAT of the purchase price.
  • Freehold
  • Self Contained Upper Parts
  • Investment Property
Royal Estates Nationwide
0121 429 2030

Head Office, 464 Bearwood Road, Birmingham, B66 4HA

  • Freehold
  • Self Contained Upper Parts
  • Investment Property
Royal Estates Nationwide
0121 429 2030

Head Office, 464 Bearwood Road, Birmingham, B66 4HA

9 - 13 Mill Street, Brierley Hill, DY5 2RG

GUIDE PRICE: £259,000+

A FREEHOLD MIXED USE INVESTMENT WITH 3 SHOPS AND 3 SELF CONTAINED FLATS

Flats: 2 x 1 Bedroom & 1 x Studio Flat on upper parts, with current gross income of £27,790 per annum

 

Property Description

The property comprises of a two storey terraced building of brick construction surmounted by a pitched roof. Benefiting from 3 commercial investment premises to the ground floor and a further 3 self-contained Flats (2 One bedroom flats and 1 Studio Flat).

LOCATION

Brierley Hill is a town within the Metropolitan Borough of Dudley and is located between Dudley and Stourbridge, approximately 10 miles west of Birmingham city centre

ACCOMMODATION

9 Mill Street

Ground Floor (Hair dressers) – Retail premises with storage space, kitchen and W/C

First Floor (1 Bedroom Flat) – Self-contained first floor flat, double bedroom, living area, kitchen and bathroom

11 Mill Street

Ground Floor (Nail Bar) – Nail Bar premises with storage space, kitchen and W/C

First Floor (Studio Flat) – Self-contained Studio flat, Open Plan bedroom, living area, kitchen and bathroom

13 Mill Street

Ground Floor (Tattoo Parlour) – Tattoo Parlour with storage space, kitchen and W/C

First Floor (1 Bedroom Flat) – Self-contained first floor flat, double bedroom, living area, kitchen and bathroom

Outside – Small yard to the rear of the premises

More Pictures and Measurements coming soon

9 Mill Street

Ground floor – let on a lease current rent passing £6200 per annum

First Floor – let on an assured shorthold tenancy at a current rent passing £3600 per annum

11 Mill Street

Ground floor – let on a lease current rent passing £5750 per annum

First Floor – let on an assured shorthold tenancy at a current rent passing £4500 per annum 

13 Mill Street

Ground floor – let on a lease current rent passing £3000 per annum, please note there is a rent review in 2021

First Floor – let on an assured shorthold tenancy at a current rent passing £4740 per annum 

Currently let with an income of £27,790 however the property has potential to increase this rental figure

 

Energy Performance Rating

See Legal Pack

 

Auctioneers Note

The deposit for exchange of contracts on this property is 5% subject to a minimum of £5,000.

The completion period for this property is 8 weeks (56 days)

 

Starting Bid and Reserve Price

*The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price. Reserve prices are subject to change up to the date of the auction. Please note that Lots may be withdrawn prior to the end of auction

 

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firm’s employment has the authority to make or give any representation or warranty in respect of the property. If the property is currently occupied during the term of the auction but is to be sold with vacant possession, the auctioneer and selling agent take no responsibility if the property is not vacated on or before completion.

No floor plan added.
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