Residential Development
The premises, which are situated in the Stourbridge Sixteen Locks Conservation Area and comprise a range of primarily two storey buildings, are understood to have originally formed part of the Wordsley Flint Glassworks. They have more latterly been used as a business centre and have the benefit of planning permission for a change of use to convert the existing buildings into 9 No. apartments together with associated car parking.
The property is located on High Street, Wordsley (A491), about 1.5 miles to the north of Stourbridge town centre, in close proximity to the historic Red House Glass Cone and also to the Mill at Stuart Works which has recently been converted residential use.
Other Centres such as Wolverhampton and Dudley are about 9 and 5 miles respectively whilst facilities such as Merry Hill Shopping Centre is about 2.5 miles and Russells Hall Hospital is about 3 miles.
We understand that the property is Freehold. For further information in respect of tenure and any other legal aspects please refer to the legal pack.
Mains services are believed to be available within the vicinity of the property but interested parties should independently satisfy themselves as to the availability and suitability of any mains services for their particular requirements.
Prospective purchasers must undertake their own investigations relative to ground conditions and contamination and independently satisfy themselves as to suitability of the site for any use or development they may propose.
Any plans or aerial photographs provided with these particulars are for identification purposes only and their accuracy is not guaranteed.
The property is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants etc. which may exist whether mentioned in these particulars or not.
The property is situated in Wordsley and any planning enquiries should be directed to Local Planning Authority, Dudley Metropolitan Borough Council.
We understand that Planning Permission ref P16/1682 for ‘Change of use from offices (B1) to residential (C3) with elevational changes to include demolition of existing extension and changes to windows, doors and external steps and railing’ was granted by Dudley Metropolitan Borough Council on 21st June 2017 subject to conditions.
Interested parties must make their own enquiries of the Local Planning Authority (Dudley Metropolitan Borough Council) in respect of planning and independently satisfy themselves as to the suitability of the site for any development or use they propose.
We are informed that VAT will not be chargeable on the purchase price, but for confirmation in this regard please refer to the Legal Pack.
Strictly by arrangement with the Auctioneers.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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