Light Industrial
The property comprises of an industrial unit with forecourt, mezzanine level and roller shutter located within a prime industrial area close to motorway links.
The premises are accessed of Webb Street which provides ample space for heavy goods vehicles. The property itself is sat back behind a forecourt and also includes security gates to the front and additional forecourt space allowing vehicles to manoeuvre.
The property is currently split into two parts Unit 5 and Unit 5A. The partition has been done with modular dry stud wall panels, each unit has its own rateable value and we feel should a buyer wish to remove this it would be very simple to do. Two separate tenants could occupy the premises as both units 5 and 5A have their own entrances.
The accommodation provides circa 6,022 sq ft of space and includes offices to the front a second floor with additional office space and a mezzanine area to the rear of the main warehouse. We noted roller shutters, a rear fire escape and 3 phase electricity supply available.
The property is located mid-way between Dudley and Bilston both a short distance from Wolverhampton. The A4123 Birmingham New Road is also a short distance away, and junction 10 of the M6 is approx. 6 miles making this a very popular location for both light and heavy industrial activities. We note several planning applications within the locality for commercial units owing to the demand.
We have been advised that the property has an Asbestos corrugated sheet roof. Please see legal pack for further information.
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 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. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 Buyers 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 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.
