Commercial Property
The property comprises a two storey mid terrace of rendered brick construction with a pitched slate and part flat roof over. The ground floor comprises a spacious open plan area which has been used as a furniture shop room and more recently a childrens play centre and extends to approximately 2,450 sq.ft. (225.30 sq.m.).
On the first floor there is a store and kitchen extending to approximately 500 sq.ft. (46.50 sq.m.).
The property occupies a prominent High Street location within Bilston town centre, Lidl, the Sir Henry Newbolt Pub, Job Centre and Market Place are all within close proximity. The area is well served with a public pay and display car park nearby.
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. Further details will be available within the legal pack.
The property benefits from planning permission (reference 17/00952/FUL) dated 17th October 2017 for a new shop frontage and internal creation of two flats with 1 bedroom each on the first floor.
A copy of this planning permission will be available for inspection within 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.
