Commercial Property
The property comprises a single storey building of brick construction surmounted by a pitched roof, the windows and doors have security shutters and opposite is a small brick built WC/kitchen block with flat felt roof. The property also includes a concrete surfaced yard and parking area.
The property benefits from having two vehicular access points, one from Bridge Street and the other via the adjoining private road.
The property fronts the main A4196 Bridge Street at its junction with Potters Lane. The A4196 is a busy route linking Wednesbury and West Bromwich.
The property forms part of a well established industrial area which lies within a quarter of a mile of Wednesbury town centre.
We understand the property is Freehold subject to a Licence Agreement for a term of 3 years with effect from 15th January 2016 at a rental of £6,825 per annum.
The Licencee is responsible for the maintenance of the property both inside and out and we understand there are Guarantors.
A copy of the Licence Agreement will form part of the Legal Pack.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Joint Agents.
email: matthewpearcey@sellers-surveyors.co.uk
Tel: 01384 456789
Freehold. Subject to tenancy.
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.
