Commercial Property
The property comprises a detached two storey former office building, of brick construction with a flat roof, currently in a shell form and was most recently used as a furniture showroom, extending to approximately 6,000 sq.ft. (557 sq.m. approx.).
The property which was previously known as 47 Coneygre Industrial Estate benefits from planning permission granted on 31st May 2017, application number DC/17/60276, by Sandwell Metropolitan Borough Council, for a change of use of furniture showroom to 1 No. A5 unit (Hot Food Takeaway) to 2 No. A2 units (Financial and Professional Services) and 1 No. A3 unit (Restaurant & Cafes) at ground floor, with 11 No. offices (Class B1(a)) at first floor and associated car parking.
A copy of the planning permission and associated drawings will be available for inspection within the legal pack.
The property occupies a prominent frontage to the northern side of A461 Burnt Tree, situated between a Toby Carvery and Enterprise Rent a Car.
The site is located just off the main Burnt Tree Island, close to a large Tesco Extra and only a short distance east of Dudley Town Centre.
The property is considered to occupy a strong trading position for its proposed future development, benefiting from a good immediate catchment area for trade and a high level of potential passing trade.
We understand that the property is Freehold and vacant possession will be given upon completion.
We understand that VAT will not be chargeable on this transaction. All interested parties should refer to the Special Conditions of Sale within the legal pack.
Strictly by arrangement with the Auctioneers.
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 Fixed Fee.
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 auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s 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
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.
