Industrial Development
A Freehold industrial unit with yard located along Hickman Avenue, Wolverhampton offered with a long-standing tenant.
The unit is accessed via Hickman Avenue and is located to the end of the site. The unit benefits from roller shutters and a yard to the front which extends 355 sq m (3821 sq ft). The unit itself extends 419sq m (4510 sq ft) NIA with four partitioned internal offices each extending approximately 15 sq m (160 sq ft)
The unit is currently let to a long-standing tenant operating as Banga Buses with a current rent passing of £12,000 pa with lease due to expire 1st March 2024. We advise interested parties to inspect the legal pack for more information.
The unit is located along Hickman Avenue close to the junction with St Mathews Street within a predominantly industrial area less than a mile from Wolverhampton town Centre. The site is within two miles of the M6 motorway
These sales details are awaiting vendor approval.
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 Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
Guide Price & Reserve Price
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)
