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Land off Alexandra Road (B), Tipton, DY4 9SJ

Sold for for £38,000.
 

Guide Price £20,000-£30,000 plus fees


Thursday 22nd October 2015

11.00am
Key Features
A Freehold Investment Opportunity comprising a parcel of land let to an industrial organisation<1mm/> Current Gross Income: £3,450 pa.
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Sold for for £38,000.

Land

Ground Conditions & Contamination

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.

Is Preliminary Lot

False

Location

The property is situated adjacent to an industrial Estate off Alexandra Road in Tipton about ¼ of a mile to the east of Tipton Railway Station and the main shopping area off Owen Street and in a general locality which has been subject to various regeneration and residential redevelopment in recent times.

Plans

Any plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.

Property Description

The property comprises an irregular shaped parcel of land which is currently believed to be used in conjunction with adjoining premises.

Property Type

Commercial Investment

Rights of Way, Wayleaves, Easements, Restrictive Covenants etc.

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. We do however understand that various service supplies etc. maybe situated within the site.

Tag Line

A Freehold Investment Opportunity comprising a parcel of land let to an industrial organisation
Current Gross Income: £3,450 pa.

Tenancy Details

We understand that the site is let for a term of 60 years from 29th September 1970 and currently producing a gross income of £3,450 per annum.
Full further details of the tenancy and confirmation of the term of the lease and the current gross rent please refer the Legal Pack

Tenure

We understand that the property is Freehold and is being sold subject to the existing tenancy. For further information in this regard please refer to the legal pack.

Value Added Tax

The vendor reserves the right to charge VAT. For clarification in this regard, please refer to the legal pack.

Viewings & Further Details

External viewings only.

Tenure: