Commercial Property
The property comprises a single storey former bank premises situated in a prominent position fronting Church Street and is of brick construction with a stone facade to the upper portion. The property provides former banking hall, office accommodation, male and female WC's along with further storage area in the basement. The unit benefits from rear access via a service yard which we understand does not form part of the banks demise.
Bilston is located approximately 5 miles south west of Walsall, 3 miles south east of Wolverhampton and 4 miles north of Dudley. The local facility provides good pedestrian access with car parking available within a short distance.
We understand 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 are advised to refer to the special conditions of sale within the Legal Pack for their own verification.
See viewing schedule.
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.
