Commercial Property
A highly prominent freehold former youth centre together with land to the side, considered suitable for a wide variety of alternative uses subject to the necessary planning permission.
The property comprises a detached youth centre in a highly prominent position. The accommodation is currently configured to provide main entrance reception with male WCs, changing rooms and office space (partition wall). Beyond is the main hall extending to 166 sq.m with female wc, a kitchen (stripped back to brick) and two offices extending to 66 sq.m and 42 sq.m respectively. Towards the rear of the building is a fire escape, storage room and a further office extending to 23 sq.m. The total GIA is circa 454 sq.m (4,886 sq.ft).
There is a former basketball court externally and land surrounding the building which we feel could be developed or used as parking, subject to obtaining planning permission. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding. We advise interested parties to inspect the legal pack for more information and clarification as to plot size.
The property is located along Overfield Road close to the junction with Minehead Road and next to the Russell Hall Primary School, within a predominantly residential housing estate well serviced by buses to the nearby Dudley town centre and Kingswinford a few miles away. Russell Hall Hospital is a short distance away.
May be suitable for alternative uses, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
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 (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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1074 inc. VAT
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.
