Land
The property currently comprises a cleared site extending to about 0.2 Acres (0.08 Hectares) or thereabouts which has the benefit of planning permission for the development of 10 No. apartments (5 No. two bedroomed apartments and 5 No. one bedroomed apartments}.
The property is located in Lower Gornal, an established residential location, about 2 miles north west of Dudley town centre.
Other centre such as Stourbridge, Kingswinford, Wolverhampton and Birmingham are about 6.5, 3, 5 and 12.5 miles respectively whilst Merry Hill Shopping Centre is about 4.5 miles and Russells Hall Hospital is about 3 miles.
We understand that the property is Freehold. For further information in respect of tenure and any other legal aspects please refer to the legal pack.
Mains services are believed to be available within the vicinity of the property but interested parties should independently satisfy themselves as to the availability and suitability of any services for their particular requirements.
Prospective purchasers must undertake their own investigations relative to ground conditions and contamination and independently satisfy themselves as to suitability of the site for any use or development they may propose.
The property is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants etc. which may exist whether mentioned in these particulars or not.
Any plans or aerial photographs provided with these particulars are for identification purposes only and their accuracy is not guaranteed.
The property is situated in Lower Gornal and any planning enquiries should be directed to Local Planning Authority, Dudley Metropolitan Borough Council.
We understand that Planning Permission Ref No. P14/1139 for ‘Demolition of existing buildings and erection of 10 No. apartments’ was granted by Dudley Metropolitan Borough Council on 17th Decemberr 2014 subject to conditions and a section 106 Agreement.
Interested parties must make their own enquiries of the Local Planning Authority respect of planning and independently satisfy themselves as to the suitability of the site for any development or use they propose.
We are informed that VAT will not be charged on the purchase price but for confirmation in this regard please refer to the legal pack.
Strictly by arrangement with the Auctioneers.
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 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.
