Mixed Use
A mixed use property located within a thriving area close to the centre of Wolverhampton in the West Midlands. Benefitting from a potential to generate a handsome income from both the ground floor commercial premises and 1st floor flat.
This former radio station is split in to 3 parts -
The ground floor commercial premises offers a generous reception area and counter, open to an additional reception area. It has 2 offices (one being a former radio broadcasting room) as well as a kitchen and WC facility.
To the rear there is an additional storage area with a shell of an office erected with the potential to create an additional lettable office / storage unit.
Upstairs there is a 3 bedroom flat with good sized lounge / diner, separate kitchen, bathroom and utility storage area. This residential element could be let out as a whole or on a room by room basis.
This property offers a superb investment opportunity and viewings are available in order to fully appreciate the accommodation and space on offer.
A video walkthrough is also available by clicking on the virtual tour.
The vendor has informed previous permission issued in 2014 gave consent to the use of the ground floor as a radio station and the first floor as a three bed flat. As the radio station is no longer operational this no longer stands.
Construction Material: Standard Brick. Broadband Coverage: Standard, Ultrafast and Superfast. Mobile signal: O2, Vodafone, EE and Three. Satellite and Cable: BT, Sky and Virgin.
Freehold. Vacant possession upon completion.
- Heating Supply: Gas
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
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 (subject to a minimum of £6,000 inc. VAT).
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.
