Land
The site comprises of two rectangular shaped predominantly flat plots of land situated on the busy Guy Motors Industrial Park which is accessed off Park Lane. The industrial estate is located a mile from Wolverhampton town centre and near to the M6 motorway.
The land is currently used for shipping container storage and we have been advised permission is in place for a total of 36 containers - see planning consent online via Wolverhampton City Council Planning Portal Reference 14/00214/FUL.
Currently shipping containers are achieving a realistic rental of £30 per week/£1,560 each per annum with a theoretical income of circa £56,000 fully let. The site currently has 4 containers on informal rental terms and will be provided with vacant possession.
Located on a busy industrial estate, there may be onsite demand from industrial units requiring extra space or households in the immediate vicinity looking for additional self storage space.
The site is registered under two separate land registry entries. This sale is for both entries in their entirety. Please view legal pack for the two land registry entries
The site also lends itself well to other schemes and there have been in the past planning consents for the following - all accessible on the Wolverhampton Council Planning Portal.
3 x industrial units see reference: 05/0201/FP/C | Erection of 3 No. industrial units | Land at Guys Motors Industrial Estate, Park Lane, Wolverhampton
1 warehouse and 1 unit see reference: 11/01046/EXT | Extend the life of planning consent DC/08/00404FUL for one warehouse and one industrial building. | Land To Rear Of Units 1-6 Fallings Park Trading Estate Park Lane Wolverhampton West Midlands WV10 9QA
Services are believed to be available within the vicinity of the site. However, interested parties should independently satisfy themselves as to the availability and suitability of any services for their specific requirement.
We are advised that VAT will not be chargeable on this transaction.
The site is open for viewings.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
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.
