Commercial Property
The property comprises a two storey brick building having a pitched tiled roof with double doors to one end. The ground floor area extends to approximately 474 sq.ft (44.03 sq.m.) GIA or thereabouts and although there is a first floor this doesn’t have access and hasn’t been inspected.
We understand that the property is Freehold and vacant possession will be given upon completion. For further information in respect of tenure and any other legal aspects please refer to the legal pack.
The property is located off Watling Street and within Gailey Wharf at Gailey. It is about 8 miles to the north of Wolverhampton City Centre and about 4 miles to the west of Cannock town centre whilst junction 12 of the M6 Motorway is about 0.75 miles.
There are currently no services connected to the property.
The purchaser will need to provide services to the property and should independently satisfy themselves as to the availability and suitability of any mains services for their particular requirements.
Any plans and aerial photographs provided with these particulars are for identification purposes only and their accuracy is not guaranteed.
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 understand that the vendor intends to grant certain rights of access over their adjoining property to enable access to this property but for details of any such rights please refer to the legal pack.
The property is situated in Gailey and any planning enquiries should be directed to Local Planning Authority, South Staffordshire District Council.
Interested parties must make their own enquiries of the Local Planning Authority in respect of planning and independently satisfy themselves as to the suitability of the property for any use or development they propose.
We understand that VAT will be chargeable on this transaction. For further details please refer to the Special Conditions of Sale in the Legal Pack.
1. Please note that Completion on this lot is to be by no later than 27th September 2018.
2. The adjacent customer service facilities are not included in the sale.
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.
