Commercial Property
The premises comprise a two storey business unit, providing on the ground floor a reception area, several well presented partitioned offices, kitchen and WC facilities and two workshop/storage areas that can be used for storage or alternatively converted to provide further office accommodation.
On the first floor, there is further office and WC facilities accessed via a central staircase. Generally, the accommodation is carpeted with electric heating and suspended ceilings with flourescent strip lighting in the office areas. Externally, we are advised there are 7 allocated car parking spaces.
2,256 sq.ft. (209.56 sq.m.)
1,999 sq.ft. (185.71 sq.m.)
4,254 sq.ft. (395.28 sq.m.)
In its current configuration is approximately 3,120 sq.ft. (289.93 sq.m.).
We understand that the property is Long Leasehold for a term of 999 years less 3 days, with effect from 3rd May 2006 at a peppercorn. Vacant possession will be given upon completion.
A copy of the Lease and service charge details will be available within the legal pack.
The premises are situated on Plant Lane Business Park, see www.plantlane.co.uk, which forms part of the larger Burntwood Industrial Estate. The Business Park benefits from good access to the main A5 trunk road, providing access to Cannock to the west (approx. 2 miles) and Lichfield and Tamworth to the east. The property also benefits from excellent access to the Midland motorway network via the M6 Toll Road, which is accessed at junction T6 and lies approximately 1 mile from the premises.
We understand that VAT will be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
Harris Lamb
Leasehold. 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.
