The property comprises a prominent two storey retail/lleisure unit, most recently trading as Burger Priest Restaurant.
The ground floor extends to approximately 1,413 sq.ft. (131.27 sq.m.) and the first floor extends to approximately 1,060 sq.ft. (90.47 sq.m.).
The property is considered suitable for a variety of retail or leisure uses, subject to any appropriate planning permission.
The property occupies a prominent position fronting Victoria Street within the heart of Wolverhampton City Centre, the property is located a short distance from Beatties/House of Fraser Department Store with the Mander Shopping Centre to the rear. There is a good and varied mix of both local and national retailers within the vicinity.
We understand the property is Freehold and vacant possession will be given upon completion. A variable service charge is levied, full details in respect of this will be available within the legal pack.
We understand that VAT will be chargeable on this transaction. Full details will be available within the legal pack.
Strictly by arrangement with the Auctioneers.
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.
