Property Details - 27 Bird Street, Lichfield

Withdrawn

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Lot 9

This freehold investment property consists of an Ask restaurant premises and further adjoining wine bar. The Ask Restaurant is let until 13/05/29 with a further rent review due in 2019 at a rent of £40,000 pa. The Wine House Wine Bar that is attached is let until 14/7/15 at a rent of £29,500. There are flats above that have all been sold off on long leases producing a further £2000 pa ground rent income, thus overall this investment produces £71,500pa. The building is sold with the benefit of this ongoing income and will be of interest to investment purchasers. Bird Street forms part of the main town centre of Lichfield that is a well regarded Midlands location.

ACCOMMODATION

Restaurant, kitchen, staff area and toilets: approx 239m2 (taken from VOA website)

TENURE

Freehold

LOCAL AUTHORITY & TAX RATING

Lichfield District Council 01543 308000
Rateable value: £27,978

VIEWING TIMES

By appointment through the Auctioneers

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Price Information

*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) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

Buyers Premium of £600 inclusive of VAT
Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
Stamp Duty - rates easily available on-line
Your solicitor fees and any survey fees
Insurance - it is your responsibility from the date of exchange to insure the property purchased.

27 Bird Street, Lichfield

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