Commercial Property
The property comprises a three storey former bank premises in the heart of Wednesbury.
The accommodation is accessed via an entrance fronting the High Street which leads to a main banking area with rear access to a courtyard area.
The first floor accommodation is accessed from an internal staircase leading to a landing area, two double rooms, a storage room along with male and female toilets.
The second floor accommodation is accessed via a staircase leading from the first floor and comprises of two double rooms and kitchen facilities.
The property has an extensive rear courtyard which can be accessed separately along with a cellar containing strong room and boiler (not tested).
Banking Hall Area - approx 1165 sq ft
Cellar Area - approx 385 sq ft
First Floor Area - approx 1000 sq ft
Second Floor Area - approx 435 sq ft
Total Area - approx 2,750 sq ft
All interested parties must seek their own verification of floor areas and dimensions and satisfy themselves that they are suitable for any proposed future use.
The property is in Wednesbury on the Lower High Street within in an area of mainly commercial property. The local area contains a number of national retailers along with local traders.
We are advised the property is freehold with vacant possession upon completion
We understand that VAT will not be chargeable on this transaction.
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.
