Commercial Property
The property comprises a large industrial premises, providing warehouse, workshops, stores, ground and first floor offices.
We have not undertaken a full measured survey but note that the total floor area extends to approximately 38,345 sq.ft. (3,563 sq.m.). All interested parties are recommended to obtain their own verification as to floor area and dimensions in respect of their proposed future use.
The property is considered suitable for refurbishment and conversion to provide smaller self-contained units and there is also potential to create some on-site car parking with the demolition and clearance of part of the original buildings.
Alternatively, the property is considered to have redevelopment potential, subject to obtaining the appropriate planning permission.
The property occupies a prominent frontage to the northern side of Woodburn Road within a well established predominately industrial and commercial environment. Woodburn Road runs between Perrott Street and Foundry Lane and there is good access to the midland motorway network at junction 1 of the M5 motorway via the A41 Holyhead Road which lies a short distance to the north of the property.
Ground Floor Offices - 1, 108 sq.ft. (103 sq.m.)
Warehouse - 9,095 sq.ft. (845 sq.m.)
Workshop 1 - 19,138 sq.ft. (1,778 sq.m.)
Stores - 5,070 sq.ft. (471 sq.m.)
Stores - 965 sq.ft. (90 sq.m.)
First Floor Offices - 2,969 sq.ft. (276 sq.m.)
We understand that the property is Freehold and vacant possession will be given upon completion.
VAT will be chargeable upon this transaction.
Please note that there will be a 8 week completion from the date of exchange on this Lot.
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.
