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The property comprises a Victorian three storey mid terraced building with a pitch and tiled roof benefiting from on-street parking along Market Street.
The accommodation is currently configured to provide vacant retail space on the ground floor extending to approximately 462 sq.ft. (42.92 sq.m.) with a prominent frontage onto Market Street leading to rear storage area and a separate kitchen.
The property also benefits from having a substantial cellar and undercover rear courtyard.
The first floor comprises of three rooms currently configured for office use with traditional features extending a total of 451 sq.ft. (41.89 sq.m.).
The second floor comprises of two rooms currently configured as office space with traditional features extending a total of 369 sq.ft. (34.18 sq.m.).
The property occupies a prominent position fronting Market Street close to its junction with High Street, Stourbridge with the Crown Shopping Centre nearby.
The area has an abundance of national operators with Nationwide Building Society, Natwest Bank, Shipleys Amusement Arcade and a Tesco Extra within the immediate vicinity. A number of local operators are also trading along Market Street and High Street.
The unit occupies a good trading position and is considered suitable for a number of alternative uses subject to obtaining any appropriate planning permission.
We understand that the property is Freehold and vacant possession will be given upon completion.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
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.
