Summary - 163-165 High Street, West Bromwich B70 7QX B70 7QX
1 bed 1 bath Mixed Use
Substantial mixed-use freehold with current rental income; refurbishment required.
Freehold mixed-use building with three commercial units and four studios
A substantial freehold mixed-use building on High Street, West Bromwich, comprising three ground-floor commercial units and four studio apartments. The seller states a total income of £62,400 pa; buyers must verify tenancies and figures in the legal pack. The property totals about 2,284 sq ft and sits in a busy town-centre location with excellent mobile signal and fast broadband — attractive for an investor seeking immediate rental income and hands-on management.
Practical drawbacks are material and should be factored into any bid. Heating is by electric room heaters, glazing is double but install dates are unknown, and the solid-brick walls are assumed uninsulated. EPC bands are E throughout; the building appears dated, with flat roofs and post‑war construction, so refurbishment and modernisation will likely be required to improve energy performance and tenant comfort.
This lot is sold at auction with binding contracts on sale. There is a 5% deposit (min £5,000) and a buyers’ fee of 4.8% (min £6,000 inc VAT). Prospective purchasers must conduct full independent enquiries: tenancy agreements were not provided and council tax banding shows as deleted. The site lies in an area with very high crime and very high deprivation — this affects lettings, management and potential resale values.
For the right buyer — an investor or developer comfortable with refurbishment and active asset management — the property offers scale, a town-centre retail frontage, and immediate rental income potential. Budget for upgrading heating, insulation and communal fabric, and confirm leases, tenant status and legal pack details before bidding.
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