Auction House London

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

The property comprises a detached building arranged to provide a basement workshop, two retail units on the ground floor, and first floor offices accessed via a separate entrance.

Tenure

Freehold

Location

The property is situated within the town centre of Hednesford close to local shops and amenities. The open spaces of Hednesford Park and Cockpit Hill are within easy reach. Transport links are provided by Hednesford rail station.

Exterior

The property benefits from a private car park to the rear with 6 spaces.

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

Administration charge: £1,200 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.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about 23 - 25 Market Street, Hednesford, Cannock, Staffordshire, WS12 1AY

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