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Commercial Property in Wolverhampton

Carlton House, Cable Street, Wolverhampton, WV2 2HX

Lot no: 137 Property type: Commercial Property Auction type: Unconditional with Fixed FeeWhere exchange occurs immediately on the fall of the gavel. The successful bidder will be legally obliged to exchange contracts, pay a 10% deposit (subject to a minimum of £5,000) together with the buyers fee of £1074 and complete within a set time period.

Guide Price* £120,000+plus fees Result Sold at Auction £136,500



A vacant commercial unit with yard located along Cable Street close to the Central trading estate in Wolverhampton.

Property Description

The property comprises of a brick built two storey unit currently configured as part storage and office space to the ground floor and storage to the first floor. The unit is accessed via a roller shutter and benefits from separate side entrance and yard area. The ground floor accommodation has been divided with partition walls allowing for easy reconfiguration with kitchen and wc facilities currently in place. The ground floor accommodation has an approximate GIA of 2,500 sq.ft (232 sq.m). The first floor accommodation has an approximate GIA of 2,400 sq.ft (222 sq.m) and is accessed via an internal staircase to the rear of the unit.

Location:

The unit fronts Cable Street close to the junction with Steelhouse Lane. The area is predominantly industrial with numerous warehouses and the Central trading estate entrance close by. There is a large residential development in progress along Carlton Lane bringing huge regeneration to the area. The premises is well served by the motorway network with the M6 accessible within a few miles.

VAT:

We have been advised VAT is applicable please refer to the legal pack for clarification.

Tenure

Freehold.


Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.

*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.

Energy Performance Certificates
EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.

Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.

Auction Fees
The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.

The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.