Residential Development
A prominent property fronting onto Lower High Street in Wednesbury town centre situated on a site extending to about 0.12 Acres (0.05 Hectares) or thereabouts with the benefit of planning permission for conversion/development of 14 No. apartments, with scope to reconfigure and add additional units to existing planning proposal, subject to appropriate planning consents. The property is understood to have previously been used as a Doctors Surgery but the buildings have been subject to vandalism and require comprehensive renovation.
The property is located in Wednesbury town centre about 6 miles to the south east of Wolverhampton City Centre. Other centres such as West Bromwich, Walsall and Birmingham are about 3, 3 and 8 miles respectively and Junction 9 of the M6 Motorway is about 1.5 miles
We understand that the property is Freehold. For further information in respect of tenure and any other legal aspects please refer to the legal pack.
Mains services are believed to be available within the vicinity of the property but interested parties should independently satisfy themselves as to the availability and suitability of any mains services for their particular requirements.
Prospective purchasers must undertake their own investigations relative to ground conditions and contamination and independently satisfy themselves as to suitability of the site for any use or development they may propose.
Any plans or 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 are however informed that there is a right of way over land to the rear of the existing buildings benefiting adjoining properties. For further information in this regard please refer to the legal pack.
The property is situated in Wednesbury and any planning enquiries should be directed to Local Planning Authority, Sandwell Metropolitan Borough Council.
Part of the property is understood to be situated within the Wednesbury Conservation Area.
We understand that Planning Permission for ‘proposed demolition of buildings, retention of street frontage, conversion and construction to create 14 dwellings' (10 No. 1 bed studios, 1 No. 1 bed flats & 3 No. 2 bed flats) was granted by Sandwell Metropolitan Borough Council on 13th January 2017.
For information in respect of VAT please refer to the Special Conditions of Sale in the Legal Pack.
The survey included within the legal pack is for information purposes only and any buyers must rely on their own inspection and survey.
Freehold.
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.
.png)
