Mixed Use
The property has been part finished with wiring and plumbing installations visible upon inspection, however, we advise interested parties to conduct their own enquiries as to the progress of work. The property comprises a detached three storey brick-built building, surmounted by a flat roof that has planning permission for the creation of two commercial units and three residential dwellings.
The ground floor accommodation is accessed from the shambles and consists of two part finished units with a staircase leading to the first and second stories both of which are part finished.
The property is in Wednesbury on The Shambles occupying a prominent position within the town centre. To the rear of the property is a car park along and within the immediate vicinity are a number of offices and other commercial buildings.
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.
Planning permission was granted by Sandwell Metropolitan Borough Council for the erection of 2 No. retail units at ground floor with 2 No. apartments above at first and second floors dated 7 June 2019 under reference DC/17/61163.
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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