Light Industrial
The property comprises a vacant industrial premises currently fitted for food production but suitable for a wide variety of industrial uses.
Externally there is a secure yard and loading area to the west elevation accessed directly off Peartree Lane and parking to the front elevation for approximately 5 cars. A new CCTV system has recently been installed.
Internally the property provides reception area, offices, meeting room, kitchen and WCs accessed via the main front entrance and interconnected to the industrial accommodation to the rear. The industrial accommodation comprises three interconnected bays currently arranged for food production with insulated panelling which could be retained or easily removed subject to the intended future use.
Importantly the industrial accommodation was completely refurbished in 2014 and new insulated panels have recently been fitted. In August 2018 a new refrigeration unit was installed consisting of 4 no. walk-in 20+ pallet cold room fridge freezers and 1 no. walk-in blast chiller. The works have been completed to a high standard/specification.
There is a self-contained unit with independent access off Peartree Lane to the east elevation suitable for a variety of uses including offices, canteen or retail unit/cafe (STP). This self-contained unit could be let and held as an income generating investment.
In December 2016 a 49.92 kW photovoltaic system was installed currently generating additional electricity income in excess of £6,000 p.a. We understand there are c.23 years unexpired on the panels and Feed-In Tariff. Further details are included within the Marketing Pack.
The property occupies a site area of approx. 0.23 Ha (0.58 acres).
Situated within a well-established industrial estate to the north side of Peartree Lane in Dudley. Located approximately 2 miles south west of Dudley and 4.5 miles north east of Stourbridge. Junction 2 of the M5 motorway is less than 4.5 miles to the east accessed via the A461 Duncan Edwards Way and A4123 New Birmingham Road.
See Marketing Pack - gva.app.box.com/v/PeartreeLane
Please see Marketing Pack for further details.
We understand the property has planning consent for its existing use (B2 General Industrial Use). All interested parties should rely on their enquiries with Dudley Metropolitan Borough Council.
A new electrical system was installed in 2014 along with a new fire detection system. We understand all mains services are available however these services have not been tested. All interested parties should rely on their own enquiries.
*Rateable Value is £0 as of 1 April 2017 however previously assess as follows:-
Rateable Value: £33,500 (as of 1 April 2010)
Description: Factory and premises
Rates Payable: £16,515 (UBR 18/19 of 49.3p in £)
Interested parties are advised to make their own enquiries with the Billing Authority.
We are advised that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
GVA
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.
