Retail Property (High Street)
The property Comprises a highly prominent two storey end of terrace brick build building benefitting from several period features, separate access to the first-floor accommodation and electric Roller Shutters. It is located within a prime position and backs onto a large council car park. The building extends approximately 2,9026 sq ft GIA over two stories. (We have estimated the upper stories dimensions and would advise interested parties to ensure they are satisfied as to the accommodation prior to bidding.
The accommodation consists of: to the ground floor, a double fronted retail unit with retail space extending 121 sq m (1302 sq ft) with sunken lights internal roller shutters, access to a cellar and side fire escape. to the rear is a storage area extending 32 sqm (344 sq m) with fire escape leading to a substantial council owned car park and male and female WC
We have not internally inspected the upper floors, however we estimate the size to be in the region of 119 sq m (1280 sq ft) with an L shaped layout and used as office accommodation finished to a good standard of repair. Access is via a secure entrance to the front of the building along with a fire escape to the rear.
The ground floor will be vacant upon completion.
We are advised that the first-floor accommodation is held on a rolling basis with rent passing of £354pcm. Interested parties are advised to inspect the legal pack for more information.
The property occupies a prime position fronting Stafford Street at its junction with Union Street in the heart of Willenhall town centre, as such all local shopping and leisure amenities are within proximity including both National and Local Retailers. Bus and Rail connections are frequent with the area benefiting from upgrading to the local rail network as part of a £55 million scheme
These sales details are awaiting vendor approval.
Freehold. Part let/part vacant.
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 Variable Fee (England and Wales).
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 auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyers 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 Price
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.
