Light Industrial
A range of brick built and interconnected industrial buildings which are currently being used as a car mechanics and paint spray booth. The site includes a secure compound with roadside frontage as well as a separate parcel of land extending to 0.13 acres which could be used for residential development, subject to planning. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding. The buildings are in need of some refurbishment and extend to a footprint area of 4,354 sq.ft with additional upper floor accommodation.
The site would make an excellent location for a range of small to medium sized industrial units or the existing units could be refurbished and continue to be used for industrial use.
The workshops extend to a ground floor footprint of approx. 4,354 sq.ft.
Additional space available at first floor level to some of the buildings.
There is also a compound extending to 0.13 acre.
The site is located on Ladywell Road on the outskirts of Tunstall town centre within a mixed use area. Ladywell Road continues uninterrupted for approx. ¼ of a mile until it reaches Reginald Mitchell Way (A527) which leads directly to the A500 dual carriageway which in turn connects to Junctions 15 and 16 of the M6
We are advised that the sale price is not subject to VAT.
We understand that all main services are connected. No services have been tested by the auctioneers.
Interested parties are advised to inspect the legal pack for more information.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
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.
