Restaurant/cafe for sale in Graingers Lane, Cradley Heath B64
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Gas central heating and double glazing throughout
- Current Income - 12,000 per annum
- Shop tenanted with 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
Property description
Summary
*For sale via secure sale online bidding: Terms and conditions apply.*
We are pleased to offer to auction this freehold mixed-use property for sale, located near a busy high street with a mass of passing trade. The property comprises 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. Both units are currently tenanted. This investment opportunity is not to be missed so call today to book your viewing.
Please note we have not inspected this property.
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 remains a sought-after area to purchase residential, commercial and investment properties.
Accommodation
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
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)
Current Income
12,000 per annum
Tenure
Freehold. Title number WM653337
Rateable Value
The current rateable value is 3,550 (1 April 2023 to present).
Sourced from voa.
EPC
Available upon request (both ratings 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.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Pattinson - Commercial, NE1 on +44 191 686 1492 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pattinson - Commercial, and do not constitute property particulars. Please contact Pattinson - Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.