Black Country shops with flat above for sale at auction
Two shops and a flat above in the Black Country, generating £25,000 per annum, are going for sale at auction next week.
The mixed-use, freehold property at 46/46a High Street in Bilston town centre will have a guide price of £225,000-plus in Bond Wolfe's next livestreamed auction on Thursday, February 5.
Ian Tudor, commercial auction director at Bond Wolfe, said: “This spacious, two-storey and mid-terraced property hosts retail units with long-established tenants.
“There is a vibrant mix of local and national operators nearby, and plenty of free public parking.
“We expect it to prove highly attractive for the wide range of investors from across the UK and abroad who regularly log on for our livestreamed auctions.”
46 High Street hosts All About Cakes on a three-year lease, expiring in November 2028 and generating £12,000 per annum. The cake business has been there for approximately 15 years.
There is a main retail area, office, two preparation areas, store and kitchen on the ground floor, and a cake decoration classroom, stockroom and preparation area upstairs.
46a High Street hosts Ali Barbers Hair Dressing Salon on a four-year lease - expiring in October 2029 and generating £6,600 per annum, with the salon, kitchen, store and toilet all on the ground floor.
Ali Barbers has been there for around 20 years.
The self-contained flat on the first floor is let on an assured shorthold tenancy, generating about £6,000 per annum, which is due to expire in January 2027.
The flat has its own rear entrance, with a lobby and stairs to the first floor, which has a lounge, bedroom, kitchen, shower room and separate toilet.
The property, which has a secure surfaced car park at the rear accessed off Stonefield Walk, is in a prominent position on the High Street, just off the A463 Black Country Route.
Mr Tudor added that offers in excess of the guide price may be considered prior to the auction.
The Bilston High Street property is among 180 lots due to appear in the auction, which will start at 8.30am and will be livestreamed via Bond Wolfe’s website - with remote bidding by proxy, telephone or internet.
For more details or to register to bid visit https://www.bondwolfe.com/auctions/properties/, email auctions@bondwolfe.com or call 0121 312 1212 or 01902 928510.
