Land
The property currently comprises a single storey former garage building requiring comprehensive renovation, together with an adjoining substation, fronting onto St Anne’s Road.
We understand the property is freehold. We are also informed that the electricity substation element of the site is sold subject to a lease to Western Power Distribution (West Midlands) PLC for a term of 25 years from the 17th May 2013 at an initial rent of £125 pa. For further information in respect of tenure, a copy of the substation lease and other legal aspects and requirements please refer to the legal pack.
The property is located off St Anne’s Road, in prominent position in Cradley Heath town centre.
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.
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.
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.
The property is situated in Cradley Heath and any planning enquiries should be directed to Local Planning Authority, Sandwell Metropolitan Borough Council.
Interested parties must make their own enquiries of the Local Planning Authority Sandwell 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.
For information regarding VAT and if it will chargeable on the purchase price please refer to the Legal Pack.
External viewings only.
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.
