Retail premises for sale

46/46A High Street, Bilston, West Midlands WV14

For Sale By Public Auction on 05 February starting at 08:30 am - A freehold town centre mixed use investment property comprising two well established shops and a first floor flat with secure rear car parking. Current rental income £25,200 pa.

A spacious two storey mid terrace, comprising two retail units with long established tenants, 'All About Cakes' and 'Ali Barbers'.
46 High Street - All About Cakes comprises on the ground floor a main retail area, office, two preparation areas, store and kitchen. On the first floor there is a cake decoration classroom, stockroom, and preparation area.
46A High Street - Ali Barbers Hair Dressing Salon comprises a main retail area, kitchen, store and WC.
On the first floor there is a self contained flat with another established tenant who has been in occupation for approximately 15 years.
Having entrance off the rear car park, there is an entrance lobby, stairs to first floor, lounge, bedroom, kitchen, shower room and separate WC.
Outside there is a rear, surfaced and secure car park accessed off Stonefield Walk.

Location
The property occupies a prominent position fronting the southern side of the busy High Street within the Bilston town centre.
Within the vicinity there is a vibrant mix of local and national operators, good public car parking and excellent access to the local road network being located just off the A463 Black Country Route.

Energy Performance Rating
See Legal Pack

Tenure
Freehold Subject to the following tenancies.

Value Added Tax
We understand VAT is not applicable on this transaction.

Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewing Times
Strictly by appointment with the Auctioneers. Please complete the request a viewing' form or contact the office.

Tenancy Details
46 High Street 'All About Cakes'. Let by way of a 3 year lease expiring on the 30th Nov 2028 at a current rent of £12,000 pa. The current tenant has been in occupation for approximately 15 years.
46A High Street 'Ali Barbers' let by way of a 4 year lease expiring on the 29th October 2029 at a current rent of £6,600 pa. The current tenant has been in occupation for approximately 20 years.
Flat Above Let by way of a Assured Shorthold Tenancy expiring 21st January 2027 at a current rent of £6,600 pa.
We have not had sight of any of the lease documentation however copies will be available for inspection within the legal pack.

Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.

Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.

*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.

Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.