Commercial Property
A unique opportunity to acquire a little piece of local history with this Toll House built in around 1820 on part of the Birmingham, Wolverhampton and Dudley turnpike 1760-1876. The former Toll House and Coach House which are Grade II Listed and part of the local conservation area.
Front Office, Rear Hall, Rear Office.
Open-plan Landing, Front Office, Kitchenette and WC.
Side Yard, Parking and Coach House.
Both properties are in need of repair and modernisation throughout.
These buildings were formerly used as an Art Gallery and Glass Making Studio. The site is not allocated for a specific use within Sandwell Council's Development Plan, but the location within the Smethwick High Street district centre necessitates that the buildings are considered suitable for a mix of Town Centre uses, including A1-A5, B1, D1 and residential, subject to obtaining any necessary planning consent and Listed Building consent.
Any prospective residential conversion/development will be subject to air quality and noise assessments. Sandwell Metropolitan Borough Council have issued a Planning Statement which can be inspected online within the legal pack or alternatively at the Auctioneers offices. For any planning enquiries, contact James Holliday at Sandwell Metropolitan Borough Council on 0121 569 4003. For any queries in relation to the properties Listed status, contact Mark Stretton at Sandwell Metropolitan Borough Council on 0121 569 4033.
We understand that the property is Freehold, however there is specific contractual requirement for the purchaser to refurbish the buildings in accordance with the schedule of works and bring the property back into beneficial use, subject to planning and Listed Building consent, within a period of 12 months from the date of exchange. Vacant possession will be given upon completion.
Prospective purchasers are advised to refer to the Legal Pack.
1. Please note that no offers will be accepted prior to the Auction.
2. In addition to the purchase price the purchaser will be required to pay the Council's professional and legal fees. (Please refer to the Legal Pack for further details).
See viewing schedule.
Freehold. Vacant possession upon completion.
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.
