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Unit 9, Hodfar Road, Sandy Lane Industrial Estate, Stourport-On-Severn DY13 9QB

Lot no: 91 Sold Prior to Auction
 

Guide Price £140,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 25th April 2024

9.00am
Key Features
  • Potential Rental Income £17,000PA
  • Approx. 1st Floor Mezzanine NIA of 763.02 sq ft/ 70.89 sq mtr.
  • Approx. Ground Floor GIA of 1771.90 sq ft/ 164.67 sq mtr.
  • Gated Entrance To Hodfar Road
  • Vacant Terraced Warehouse/ Industrial Unit
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Sold Prior to Auction

Warehouse

Property Description:

A freehold warehouse/industrial unit incorporating main warehouse plus 5 individual, self-contained, store rooms. We have been advised the units produce £650pcm.

The First-floor mezzanine comprises of four office rooms and storage area. The premises also benefit from an inspection pit, kitchen and toilet facilities.

The property is situated on an established industrial estate on the outskirts of Stourport-on-Severn towards the Worcester side with convenient access to the A449 and junction six of M5 motorway. The unit is situated within a secure gated development off Hodfar Road. Approx.

GIA for the ground floor is 1771 sq ft / 164 sq m.

The first floor mezzanine totalling a NIA of 763 sq ft / 71 sq m.

EPC = E.

Ground Floor

GIA 1771.90 sq ft/ 164.67 sq mtr. Shop Front Electric roller shutter door with a height of 5.25m Reception, storage area and kitchenette. 6 Individual self-contained units.

First Floor Mezzanine

763.02 sq ft/ 70.89 sq mtr. Four office suites and storage room. Open landing area and w.c.

Outside

Forecourt parking. Hodfar Road has the added benefit of a gated access with the maintenance costs is split between the various units.

Business Rates

The current rateable value is £13,250. Interested parties are advised to contact Wyre Forest District Council on to establish the rates payable. For information on business rates relief go to or

Energy Performance Certificate

EPC rating is an E.

V.A.T Payable

V.A.T. will not be charged on the purchase price.

Tenure & Possession

The property is freehold with vacant possession upon completion.

Local Authority:

Worcestershire County Council

Services:

TBC

Heating:

TBC

Building Construction:

TBC

Tree Preservation Orders:

None identified.

Conservation Area:

This property is not in a conservation area.

Planning Permission:

No past or current identified for this property.

Broadband Check:

Standard and Superfast are available in this location.

Broadband Availability:

EE, O2, Vodaphone and Three are available in this location for Voice and Data.

Satellite and Cable TV Availability:

Sky and BT are available in this location.

Tenure:

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.