Currently held Freehold under Title Number SF185717
Guide Price £295,000
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Description The property consists of a three storey detached red brick building with a rear car park/ yard.
The property is currently split into two units; 1A forms the left hand size of the ground floor along with the first and second floors. This until is let to mg Optical Limited (t/a Zeidan Eye Care) for a term of five years from 27th June 2013 at a rent of £18,500 per annum. It should be noted that the tenant is not affected by this proposed sale.
Unit 1, forms the right hand side of the ground floor only and is currently vacant (previously used as an insurance brokers’ office under use class A2 (financial and professional services).
Location The property is situated within Tamworth town centre, on the eastern side of Silver Street, near to its junction with Market Street and Holloway.
Accommodation Accessed from a shared foyer, unit 1 comprises a front office/ retail area with a rear office and staff room, along with male and female WCs.
Unit 1A comprises of a ground floor front office, rear office/ consulting room and rear kitchenette/ staff room. On the first floor are two consulting rooms, waiting room, office and male and female WCs. The second floor consists of two offices.
Rateable Value Unit 1 is assessed in the 2017 rating list as ‘Offices and premises’ with a rateable value of £11,250. Unit 1A is assessed in the 2017 rating list as ‘Offices and premises’ with a rateable value of £14,000.
Energy Performance Unit 1 has an EPC rating of Band C (63) a full copy of which is available upon request. Unit 1A has an EPC rating of Band D (97) a full copy of which is available upon request.
Guide Price Offers are sought in the region of £295,000, for the freehold interest subject to the existing tenancy of unit 1A and with vacant possession of unit 1, subject to contract.
The premises are understood to be not currently elected for VAT.
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Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.