Factory
The site comprises of a rectangular plot of land containing a three-storey brick build former factory building benefiting from courtyard and access to the busy Great Bridge Road, along with a number of ancillary single storage lock up units, of varying condition. To the rear of the site is the Wallsall Canal.
We feel that the site would suit a number of uses owing to its location from light industry, storage or conversion to office or residential subject to obtaining the appropriate planning permissions.
In the current configuration we feel an income of circa £14,00 could be achieved by letting the former factory unit and ancillary buildings separately to light manufacturing / mechanics etc.
The site is located in Tipton and is accessed from the Great Bridge Road. The site is in an area of mixed use with residential developments having taken place in recent years. The site lies approximately 2 miles to the east of Dudley town centre. Great bridge road contains a number of national retailers such as Paul Dubberley Estates, Hallmark cards and Betfred.
We understand that the property is Freehold and vacant possession will be given upon completion.
We understand that VAT will not be chargeable on this transaction
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.
