Commercial Property
The property comprises a former bank premises situated on Three Tuns Parade. The unit consists of a two-storey end of terrace building of traditional brick construction surmounted by a flat roof and single storey extension to the rear. The property provides former banking hall and office space to the ground floor along with kitchen, male and female WCs. The first floor provides further office space. To the rear of the unit is a tarmacadam surface car park with approximately 25 spaces, 2 spaces in the immediate vicinity form part of the subject’s demise.
1600 sq ft (148 sq m)
913 sq ft (84 sqm)
2,514 sq ft (233 sq m)
All interested parties must seek their own verification of floor areas and dimensions and satisfy themselves that they are suitable for any proposed future use.
The property benefits from planning permission for 2x commercial units to the ground floor with change of use from A2 to A1 and from A2 to A3 along with creation of 2 x two bedroom flats to the first floor with separate entrance. Interested parties are advised to to see full planning details via Wolverhampton City Council REF: 18/01324/FUL
Fordhouses is a suburb of Wolverhampton situated approximately 3 miles to the north of Wolverhampton city centre. The property forms the southern end of Three Tuns Parade which serves the suburbs of Basbury, Fordhouses, Pendeford and Oxley and is situated on the corner of three Tuns Lane and the A449 Stafford Road.
We understand the property is Freehold and Vacant Possession will be given upon completion.
We understand that VAT will not be chargeable on this transaction. All interested parties are advised to refer to special conditions of sale within the legal pack for their own verification.
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.
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