Commercial Property
The property comprises a single storey brick built former Nursery with gated play area, wc and kitchen facilities.
The Nursery has a main hall with dimensions of approximately 750 sq. ft. The kitchen area has an area of approximately 170 sq. ft.
Externally there is space for car parking.
We feel the site lends itself well for several alternative uses such as business premises or conversion to residential dwellings subject to obtaining appropriate planning consents.
We have been informed by the vendor that following discussions with an architect the erection of 10 one bedroomed apartments could be built, subject to planing permission.
We have not had sight of any documentation and would advise interested parties to see legal pack for clarification and consult the council for suitability in respect to future use of the site.
The property is located on the Stourbridge Road approximately 1 mile from Russell Hall Hospital and under 2 miles from the Merry Hill Shopping Centre in a predominantly residential area.
We understand the property is Freehold and will be offered with vacant possession upon completion.
We understand that VAT will not be chargeable on this transaction.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
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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