Commercial Property
The site extends approximately 1.17 acres and comprises to the front a part two storey and part three storey brick built industrial units and to the rear adjoining steel portal framed single storey warehouses.
There is extensive gated car parking to the front of the unit along with car parking to the rear.
We were not able to visually inspect the individual units but have been verbally advised the following.
Unit 1 let at £450 per calendar month
Unit 2 let at £200 per calendar month
Vacant
Vacant
Vacant
Let at £365 per calendar month
Vacant
Vacant
Let at £1,000 a month
Vacant
The property fronts Hickman Avenue close to the junction with St Mathews Street within a predominantly industrial area less than a mile from Wolverhampton town Centre. The site is within two miles of the M6 motorway
We understand that VAT will not be chargeable on this transaction
Strictly by arrangement with the Auctioneers.
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.
