Commercial Property
The property comprises a part two storey, part single storey detached building of brick construction surmounted by a pitched slate roof and part flat roof.
The property, which is currently used as a private members club, comprises a lounge bar, bar, snooker room, cellar and ancillary areas on the ground floor, having a GIA of approximately 5,780 sq.ft. (536.97 sq.m.).
On the first floor there is private living accommodation having three bedrooms. Externally there is a car park to the rear.
The property occupies a prominent frontage to the southern side of the main A460 Cannock Road near its junction with the A449 Stafford Street and a short distance north east of Wolverhampton city centre.
The property is considered suitable for a continuation of its existing use and also for redevelopment or conversion to a variety of roadside uses, or residential, subject to obtaining the appropriate planning consents.
We understand that the property is Freehold and vacant possession will be given upon completion.
We understand that VAT is not 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.
