Land
The property comprises a very broadly ‘L’ shaped parcel of land, fronting onto Birmingham Street, having a site area of about 0.79 Acres (0.32 Hectares) or thereabouts situated between Birmingham Street and the River Stour.
We understand that the property is Freehold and vacant. For further information in respect of tenure please refer to the legal pack.
The property is situated fronting Birmingham Street (A458) about 0.5 miles east of Stourbridge Town Centre and adjoining uses such as Premier Inn and Brewers Fayre. Other centres such as Dudley, Halesowen and Lye are about 6, 4.5 and 1 miles respectively whilst Stourbridge Town Railway station is about 0.2 miles and Junction 3 of the M5 Motorway is about 7 miles.
The property is situated in Stourbridge and any planning enquiries should be directed to the Local Planning Authority, Dudley Metropolitan Borough Council.
We understand that Planning Permission No. P16/0706 for the erection of 3 No. Units for A3, A5 and A1 Use with 9 No. Flats above with associated parking and landscaping was granted by Dudley Metropolitan Borough Council on 10th August 2016 subject to conditions and that planning permission for an alternative development scheme for the site (Ref No. P17/0413) for the erection of 3 No. Units to be used as A3, A5 and A1 was granted Dudley Metropolitan Borough Council on 19th May 2017 subject to conditions.
Interested parties must make their own enquiries of the Local Planning Authority in respect of planning and independently satisfy themselves as to the suitability of the site for any development or use they may propose.
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.
Mains services are understood to currently be available in the vicinity of the property but prospective purchasers must independently satisfy themselves as to the availability of suitable services to provide for any particular requirement or the development they propose.
Any plans or aerial photographs provided with these particulars are for identification purposes only and their accuracy is not guaranteed.
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.
We are informed that VAT will be charged on the purchase price, but for clarification, 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.
