Halesowen investment property comprising shops and flats up for sale at auction

Clarage House in Long Lane is a freehold mixed-use investment property comprising four retail units and six self-contained flats.

It currently generates £83,650 per annum in rental income and is listed with a guide price of £650,000+ in the auction which will be livestreamed on Thursday, July 10, starting at 8.30am.

Ian Tudor, commercial auction director at Bond Wolfe, said: “This mixed commercial and residential investment property forms part of a local retail area, servicing a well-established and popular residential neighbourhood, around half a mile from Blackheath town centre.

“The four retail premises and six self-contained flats are all fully let, and we are expecting considerable interest when this flat goes under the hammer at our July auction.”

On the ground floor of Clarage House, each shop includes a main retail area with ancillaries. The property includes a number of flats - 1a and 4a are two-bedroomed apartments over two floors, 2a and 2b are two-bedroomed apartments, 3a and 3b are one-bedroomed bedsits, and 3c is a one-bedroom apartment.

Clarage House occupies a prominent position, standing behind a service road fronting the main A4034 Long Lane, between its junctions with Maple Road and Southwick Road.

The sale is subject to existing tenancies.

The property is among 196 lots appearing in the auction which will be livestreamed via Bond Wolfe’s website - with remote bidding by proxy, telephone or internet.