Back to search results
Gallery
Loading the bidding panel...
Registration Guide
Finance available on this property
Make an enquiry / offer
Contact agent
UNCONDITIONAL - Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.
168 Lichfield Road, Brownhills, Walsall, West Midlands, WS8 6JB
Exceptional Mixed-Use Investment Producing £69,000 p.a. with Further Income Potential.
Exceptional Mixed-Use Investment Producing £69,000 p.a. with Further Income Potential.
Description
Guide Price: £565,000+
Freehold | Buyer’s Premium: 3%
An outstanding investment opportunity to acquire a substantial freehold mixed-use property in a prominent position on Lichfield Road. This is a rare asset combining residential, commercial, and yard income — currently generating £69,000 per annum with scope to increase to over £76,000 p.a. when fully let.
Ideal for investors seeking a high-yielding, diversified income stream, with the added benefit of future planning potential and optional continuation of two profitable motor trade businesses.
Highlights
- Two self-contained residential flats, fully let and producing £15,000 per annum
- MOT testing centre and garage repair business both paying £1,000/month — total £24,000 per annum
- Yard space let to Beeches Recovery at £1,200/month (£14,400 per annum)
- Single parking bay let to the RAC at £300/month (£3,600 per annum)
- Additional vacant bay previously let at £600/month — potential to add a further £7,200 per annum
- Total current income: £69,000 p.a.
- Fully-let potential: £76,200 p.a.
Breakdown
- Residential flats (2x 1-beds) with retrospective planning application in progress to formalise residential use and reconfigure one into a 2-bed
- Flats presented in good condition with tenants mid-term and willing to remain
- Yard area split between three occupiers including RAC and Beeches
- Large garage with MOT and repair workshops — businesses operated by current owner but paying formal rent
- Vacant front bay offers instant opportunity to boost income
- The businesses may be available as a going concern by separate negotiation, including MOT equipment (estimated value c. £75,000)
- Prospective buyers may explore redevelopment or intensification of use, subject to planning
- Re-letting the vacant bay alone increases yield significantly
Superbly situated on the A461 (Lichfield Road), just outside Brownhills town centre with easy access to the M6 Toll, A5 and Walsall. This is a well-established mixed-use area popular with both residents and local businesses.
Buyers Premium
* Plus 3% Buyers Premium plus VAT
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
Auction Ends:
A detached 3-bedroom character cottage in a sought-after Cornish setting, with garage and separate parcel of land offering development potential (STPP). Suitable as a family home, second home or income-generating investment
Auction Ends:
Investment opportunity for investors
Auction Ends:
Exceptional Mixed-Use Investment Producing £69,000 p.a. with Further Income Potential.
Auction Ends:
Spacious 2-bedroom end terrace with expansive views across Brinton Park and adjacent to Kidderminster Hospital, town centre shops and the railway.
Auction Ends:
Solid investment opportunity or family home with room to enhance
Auction Ends:
Coastal Ground Floor Flat with Strong Rental Appeal
- Bidding via committed offer is simple
- Bid for free - No bidders security deposit needed, just register for auction passport
- Online bidding process runs to advertised end date
- If you are highest bidder at the end of the bidding process one of the TCPA / Auctionline team will contact you to proceed with the sale under relevant legal process. A reservation fee and deposit may be required at this stage. please contact relevant team or refer to terms and conditions
- All interested bidders are assumed to have carried out due diligence and checks prior to bidding on the lot
- Buyers are advised to refer to individual terms and conditons, relevant legal pack and are not to rely on details or videos provided by the agent as statement of fact on the basis on proceeding with a sale
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
Register for auction alerts
By subscribing here you agree to receive relevant emails, news and updates from Town & Country Property Auctions. You can unsubscribe at any time.
Selling
No fuss, fast & free*
Town and Country offer a free selling service to a growing number of people choosing to sell their property quickly and easily through auction.
*Contact individual regions for cost
Buying
How to bid
Our buying at auction guide will help you throughout the process providing you with guidance to confidently secure your purchase.