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Land
A freehold former long-stay car park which is located centrally within Lye Town centre, close to the inter-section of the High Street (A458) and Dudley Road (A4036) at The Cross and which provides easy access to Stourbridge, 1 mile to the west, Merry Hill 2 miles to the north and in turn Dudley Town centre at some 4 miles distance.
The premises provide a regularly shaped former car park located behind commercial premises, which front High Street. Access to the premises is from a vehicular right of way off High Street.
The car park extends to 530 sq. mtrs. ( 635 sq. yds.) or thereabouts
Interested parties are advised to inspect the legal pack for more information
What3words: ///mason.crest.strain
We are informed by the seller that no mains services are connected to the premises.
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 under and 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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1% inc VAT of the purchase price (subject to a minimum of £1,250 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.
