Property photos
Just added
Auction
Freehold
Guide price
£320,000
Retail premises for sale
10 & 11 Silver Street, Tamworth, Staffordshire B79Local area information
Property location
Nearby amenities
- Moorgate Primary Academy 0.2 miles
- Landau Forte Academy, QEMS 0.5 miles
- Tamworth 0.5 miles
- Wilnecote (Staffs) 1.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Tamworth to find out more about the local area.
Features and description
- Freehold
- Freehold Subject to the existing tenancies.
For Sale By Public Auction on 11 September starting at 08:30 am - An attractive pair of freehold town centre investment properties
Current rental income: £32,500 pa.
An attractive pair of adjoining three storey mid terraced properties, currently configured as follows.
10 Silver Street - occupied by Sequel Hair Salon, on the ground floor is the main barber shop area, on the first floor there is a further salon area with kitchenette, whilst on the second floor there is a studio area, separate treatment room, store and WC.
11 Silver Street - occupied by Blue Water, a modern Indian Restaurant/Takeaway, on the ground floor is the main restaurant area, having 58 covers with bar and customer WC. On the first floor there is an additional dining area with 24 covers, kitchen, male and female WC facilities. Whilst on the second floor are two rooms, bathroom, WC and stores.
Location
The property occupies a prominent position fronting the southern side of Church Street, close to its junction with Church Street, close to the town's primary retail areas in George Street, Middle Entry and Anchorside Shopping Centre.
Within the immediate vicinity, there is a Co-op Food Store, Post Office and a mix of retail, bars, restaurants, takeaways, professional offices and Tamworth Castle.
Energy Performance Rating
No. 10 - D. No. 11 - B.
Tenure
Freehold Subject to the existing tenancies.
Value Added Tax
We understand VAT is not applicable on this transaction.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewing Times
Strictly by appointment with the Auctioneers.
Tenancy Details
10 Silver Street: Let by way of a new Lease for a term of 5 years with effect from 25/03/2025 at a rent of £12,500 per annum.
11 Silver Street: Let by way of a new Lease for a term of 20 years with effect from 22/07/2025 at an initial rent of £20,000 per annum. There is provision for a rent review every 5 years.
We have not had sight of the legal documentation, however copies of the Leases will be available for inspection within the legal pack.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. 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 legal packs and further information about buying at auction are available on the Bond Wolfe's website.
Current rental income: £32,500 pa.
An attractive pair of adjoining three storey mid terraced properties, currently configured as follows.
10 Silver Street - occupied by Sequel Hair Salon, on the ground floor is the main barber shop area, on the first floor there is a further salon area with kitchenette, whilst on the second floor there is a studio area, separate treatment room, store and WC.
11 Silver Street - occupied by Blue Water, a modern Indian Restaurant/Takeaway, on the ground floor is the main restaurant area, having 58 covers with bar and customer WC. On the first floor there is an additional dining area with 24 covers, kitchen, male and female WC facilities. Whilst on the second floor are two rooms, bathroom, WC and stores.
Location
The property occupies a prominent position fronting the southern side of Church Street, close to its junction with Church Street, close to the town's primary retail areas in George Street, Middle Entry and Anchorside Shopping Centre.
Within the immediate vicinity, there is a Co-op Food Store, Post Office and a mix of retail, bars, restaurants, takeaways, professional offices and Tamworth Castle.
Energy Performance Rating
No. 10 - D. No. 11 - B.
Tenure
Freehold Subject to the existing tenancies.
Value Added Tax
We understand VAT is not applicable on this transaction.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewing Times
Strictly by appointment with the Auctioneers.
Tenancy Details
10 Silver Street: Let by way of a new Lease for a term of 5 years with effect from 25/03/2025 at a rent of £12,500 per annum.
11 Silver Street: Let by way of a new Lease for a term of 20 years with effect from 22/07/2025 at an initial rent of £20,000 per annum. There is provision for a rent review every 5 years.
We have not had sight of the legal documentation, however copies of the Leases will be available for inspection within the legal pack.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. 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 legal packs and further information about buying at auction are available on the Bond Wolfe's website.
More information
Listed by
Bond Wolfe Auctions
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