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2 bed property
117 Powke Lane, Rowley Regis, B64 5PX
Auction
£250,000
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Our Summary
- For Sale By Public Auction on 09 July 2026 starting at 08:30 AM - A freehold mixed use investment in Cradley Heath - Current gross income - £32,922 per annum A substantial mixed use property which benefits from a prominent position on Powke Lane with ample parking to the side
- Pre-auction Offers Please note that offers in excess of the guide price may be considered prior to the Auction Sale
- 117C: Let on an Assured Shorthold Tenancy (Tenant in occupation since October 2014), at a rental figure of £6,282 per annum Total Income: £32,922 per annum 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
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Description
The property is a substantial mixed-use building located on Powke Lane in Cradley Heath. It consists of two retail shops on the ground floor, totaling 126.89 sq.m, and two self-contained one-bedroom flats above, each approximately 34 sq.m. The property has a large car park to the side and rear and is situated on a busy road connecting Blackheath and Netherton.
It has an Energy Performance Rating of C and is a freehold property subject to existing tenancies, with a total gross income of £32,922 per annum.