Lot 41
Commercial Property - Commercial Property
23 - 25 Market Street
Hednesford, Cannock, Staffordshire, WS12 1AY
Sold for £190,000
A Detached Commercial Investment Fully Let Producing £16,150 Per Annum
Description
Tenure
Location
Exterior
Accommodation & Tenancy Schedule
| Property | Floor | Accommodation | Lessee | Lease Term | Current Annual Rent | Notes |
|---|---|---|---|---|---|---|
| Basement 23 Market Square | Basement | Office - 383 sq ft | RS Electrical | 2 Years from 01/11/20 | £1,650 | Reduced rent as Tenant is undertaking improvement works |
| 23 Market Square | Ground | Retail - 412 sq ft | Jennifer Lewis t/a Jennifer Hairdresser | 5 Years from 24/07/20 | £4,000 | Trading from this unit for 40 years |
| 25 Market Square | Ground | Retail - 700 sq ft | Puri Healthcare | 5 Years from 25/04/17 | £6,000 | Trading from this unit for 15 years |
| First Floor | First | Office - 593 sq ft | KMD Ventures | 5 Years from 01/09/19 | £4,500 | Sublet to Corpserve FZE for 12 months from 01/02/21 |
Joint Agent
Additional Fees and Disclaimer
Administration charge: £1,500 including VAT unless otherwise stated in the addendum.
Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.
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Enquire about 23 - 25 Market Street, Hednesford, Cannock, Staffordshire, WS12 1AY
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