Mixed Use
The property comprises a two story semi-detached building of brick built construction surmounted by a pitched roof.
21 Louse Street
The ground floor accommodation comprises of a retail unit occupied by a Florist and consists of a flat trading area of approximately 395 sq ft (37sq m) benefiting from a roller shutter. To the rear of the unit is a storage area of approximately 170 sq ft (16 sq m) along with separate kitchen and w.c facilities and access to the rear courtyard.
21a Louise Street
The first floor is accessed through a separate entrance to the side the accommodation comprises entrance hall with storage, spacious landing leading to two double bedrooms, kitchen and bathroom. With gas central heating (not tested) and is finished to a high standard.
Externally there is parking for the retail and residential accommodation.
21 Louise Street: TBC
21a Louise Street: D
The property occupies a prominent position on Louise Street close to arrange of amenities such as a florist, hair dressers, restaurants, post office and convenience store. Gornal Wood lies approximately 2.5 miles to the west of Dudley and approximately 10 miles from Birmingham city centre.
We understand that the property is freehold subject to the following tenancy. Let on a seven year lease to the 'Flower Fairy' expiring 30th September 2021 at a rent passing of £8,100 per annum. The accommodation above is let on a assured shorthold agreement commencing November 2018 at a rent passing of £500 per calendar month.
We have not had sight of the lease documentation, a copy will be available for inspection within the legal pack.
We understand that VAT will not be applicable on this transaction.
Strictly by appointment with the auctioneers
Freehold. Subject to tenancy.
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.
