A freehold mixed use investment property with potential income of £28,020 pa The property comprises of (Two Commercial Retail Units) and (Two Flats with separate access). The property is completely occupied and the breakdown is as followed. Hairdressers Shop A - £300 pcm - Commercial - (for lease details please see legal pack) Barber Shop (Shop B) - £600 pcm - Commercial - (for lease details please see legal pack) Studio Flat (ground floor) - £390 pcm - Rolling AST - potential rent increase available. One Bedroom Flat - £625 pcm - Rolling AST - potential rent increase available. To the rear of the building there is also a converted shipping container, this was previously rented at £325pcm. Current Income Per Annum: £22,980 PA (with scope to increase the rent to the market value of £28,020PA) The property is located in a prime position of Wednesbury, having parking available at the front with thriving business's close by, the property further benefits from a large rear garden which could potentially be suitable for further out buildings or further development opportunities. (subject to planning). Please be aware that all the residential properties are subject to rent increases as the flats are all on Rolling AST agreements. All residential properties have separate access leading into each apartment via the rear of the building. The property has potential for a development to the rear as this is now a new build housing estate (subject to planning). 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 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 Please note that’s Lots may be withdrawn prior to the end of auction. Disclaimer These particulars, whilst believed to be accurate based on information from the seller and photographic evidence, are set out as a general outline only for guidance and do not constitute any part of an offer or contract. We have not physically inspected the property, therefore intending purchasers should not solely rely on these details as statements of fact, but must satisfy themselves by personal inspection or other means to verify the information provided. 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 occupied during the auction but to be sold with vacant possession, we take no responsibility if the property is not vacated on or before completion.