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Former Office/Stores Lichfield Street, Stourport on Severn, DY13 9EU

Lot no: 56 Sold at Auction for £42,000
 

Guide Price £15,000 - £20,000 plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 6th July 2017

10.30am
Key Features
  • A Freehold Former Office/Store, having a potential for a variety of alternative uses,
  • subject to obtaining the appropriate planning permission
  • EPC Rating: See legal pack.
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Sold at Auction for £42,000

Commercial Property

Property Description:

The property comprises a quirky two storey building of brick construction under a tiled pitched roof with timber upper floor. The property sits tight on its plot with pedestrian access only from Lichfield Street to a small courtyard providing access via an external wooden staircase either down to the ground floor or up to the first floor level.

There is no off-road parking, however there is on-street parking available in Lichfield Street.

Location

The property is situated to the western side of Lichfield Street, close to its junction with Mart Lane, within the Stourport on Severn No. 1 Conservation Area. Stourport Town Centre is located 300 metres to the north west and the Stourport Basin and the Staffordshire & Worcestershire Canal is a short walk to the south.

Many of the properties in the immediate vicinity have a listed status, however we understand that the subject property is understood not to be listed, but is classified as a "building or structure of interest".

Stourport on Severn is an attractive and popular Georgian canal town, situated in the Wyre Forest District, lying approximately 4 miles south of Kidderminster and 23 miles south west of Birmingham City Centre.

Tenure

We understand that the property is Freehold and will be available with vacant possession upon completion.

Accommodation

Ground Floor: 197 sq.ft. (18.32 sq.m.) approx.
First Floor: 230 sq.ft. (21.35 sq.m.) approx.

Total: 427 sq.ft. (39.67 sq.m.) approx.

Value Added Tax

We understand that VAT is chargeable on this transaction.

Viewings

Strictly by arrangement with the Auctioneers.

Tenure:

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.