Commercial Property
The property comprises an attractive three storey mid terrace retail premises with upper floors, of traditional brick construction surmounted by a pitched slate roof.
The accommodation is currently configured to provide on the ground floor well presented retail space, comprising two rooms with stairs leading to a lower ground floor area providing two further rooms and WC, providing a total of approximately 1,117 sq.ft. (103.81 sq.m.).
The upper floors are not currently accessible other than via a loft hatch, however provides three rooms on the first floor and three further rooms on the second floor.
The upper floors are considered suitable for refurbishment to residential uses, with the opportunity to create self-contained access from the rear enclosed yard area off London Place.
The property fronts Worcester Street just off the main Ring Road and within a short walk off the main retail core of Wolverhampton City Centre, including the Mander and Wulfrun Shopping Centres.
The property is considered suitable for a variety of retail or office uses, subject to any appropriate planning permission.
We understand that the property is Freehold and vacant possession will be given upon completion.
We understand that VAT will be chargeable on this transaction. All interested parties should refer to the legal pack for further details.
Strictly by arrangement with the Auctioneers.
Freehold.
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.
