Restaurant/cafe for sale in High Street, Lye, Stourbridge DY9

Summary

*For sale via secure sale online bidding: Terms and conditions apply.*

We are pleased to offer to auction this secure, spacious and well-presented shop featuring spacious shop floor, wc, kitchen facilities, and storeroom, located in a higley desirable location on a busy high street, with a mass of passing trade and exposure to passing vehicles.

There is limited parking to the rear of the building which is shared with other retail premises and flats above.

This opportunity is not to be missed so call today to arrange your viewing.

Please note we have not inspected this property.

Location

Located in a highley desirable location on a busy high street, with a mass of passing trade and exposure to passing vehicles.

Accommodation

The property comprises of an attractive shop front offering an inviting outlook to potential customers, front & rear access, spacious shop floor, kitchen facilities, customer WC, store room to the rear and staff WC.

Lease Details

We are advised that the shop is tenanted and generating 8400 per annum on a 3yr lease. The sale also includes the freehold to flat above shop generating an additional 195 per year in ground rent.

Tenure

Freehold. Title number: WM699702.

Service Charge

There is a service charge of 273.75 for the retail unit and 50.52 for the flat. The leaseholder for the flat covers their charges.

Both are paid quarterly.

Rateable Value

The current rateable value is 6,000 (1 April 2023 to present).

Sourced by voa.

Council Tax

Band A

EPC

Available Upon Request (Rating E).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.