Commercial Property
The site comprises a range of single storey brick workshops and premises, having a net internal area of about 1,510 Sq Ft (140.3 Sq M), together with certain adjoining stores, situated adjacent to the Wyrley & Essington Canal at Sneyd Wharf.
The property which is situated at Sneyd Wharf is accessed by a driveway from Sneyd Lane (A4124) and is about a mile to the west of Bloxwich Town Centre. Other centres such as Walsall Town Centre and Wolverhampton City Centre are about 4 and 5 miles respectively whilst Junction 10 of the M6 Motorway is about 3.5 miles.
We understand that the property is freehold and is let on and FRI basis for a term of 10 years from 1st January 2019 at a current gross rent of £5,550 per annum plus Vat. The Business is to remain unaffected. For details of the lease including details of rent reviews, break provisions, confirmation of the rent passing and any other legal aspects please refer to the legal pack.
The property is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants etc. which may exist whether mentioned in these particulars or not.
Any plans and/or aerial photographs provided with these particulars are for identification purposes only and their accuracy is not guaranteed.
We are informed that VAT will be chargeable on the purchase price but for clarification in respect of this please refer to the Legal Pack.
External Viewings Only
Freehold.
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.
