Flat for sale in Graingers Lane, Cradley Heath B64

Being sold by the modern version of auction

Complete Property Services are delighted to offer this freehold mixed-use property for sale near a busy high street with a mass of passing trade comprising a ground-floor commercial shop with Class E use (former Class A3) currently operating as a hot food takeaway and a two-bedroom top-floor flat with an assured short hold tenancy agreement in place and currently tenanted. This investment opportunity is not to be missed so call today to book your viewing.

Tenure

Complete Property Services have been informed that the property is freehold.

Location

Cradley Heath is a town in the Metropolitan Borough of Sandwell, West Midlands. It is 2 miles (3km) North-West of Halesowen, 3 miles (5km) South of Dudley, and 8 miles (13km) West of Birmingham. It remains a traditional shopping centre and has a good selection of local convenience shops, cafes, restaurants, supermarkets, dentists, barbers, nail salons, etc. The nearby properties consist of residential and commercial properties and it remains a sought-after area to purchase residential, commercial, and investment properties.

Additional Features

* Complete Property Services are the local agent managing the building

* Gas central heating and double glazing throughout

* Current Income - £12,000 per annum

* Shop tenanted with a 7-year Lease

* Flat tenanted with 10-year long tenants

* Secure front and rear shutters

* Separate Gas and Electric Supply

* Communal access to rear land

* Total Floor Area 96sqm/1033sqft

Rooms

Shop (Ground Floor)

Seating Area (4.1m x 3.7m / 13’3” x 12’2”)

Serving Area (4.1m x 1.9m / 13’3” x 6’2”)

Kitchen (4.1m x 2.7m / 13’3£ x 8’10”)

Flat (First Floor)

Lounge (4.1m x 3.7m / 13’3" x 12’2”)

Kitchen (3.6m x 2.4m / 11’10” x 7’11”)

Bathroom – comprising a w.c, a wash hand basin, and a shower over the bath

Flat (Second Floor)

Bedroom One (4.1m x 3.7m / 13’3” x 12’2”)

Bedroom Two (4.1m x 3.7m / 13’3” x 12’2”)

Additional Information

Local Authority – Sandwell mbc

Current Income - £12,000 per annum

EPC Rating – Flat: E(48), Shop: E(108)

1. Money laundering regulations – Intending purchasers will be asked to produce photo identification and financial documentation at any offer acceptance stage and before the property being marketed as sstc. We ask for your co-operation to avoid any delay in agreeing to the sale.

2. These particulars do not constitute part or all of an offer or contract.

3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. Potential buyers are advised to recheck the measurements before committing to any expense.

4. Complete Property Services has not tested any apparatus, equipment, fixtures, fittings, or services and it is in the buyer’s interest to check the working condition of any appliances.

5. Complete Property Services has sought to verify the legal title of the property. However, buyers must obtain verification from their solicitor which proves ownership including lease information as well as any wills.

Auctioneers Additional Comments

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

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

This auction lot is being sold either under 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.

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 before 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 before 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 of identity process in accordance with Anti Money Laundering procedures.

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 property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser about 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.