Light Industrial
An industrial unit of steel framed construction with brick/blockwork walls surmounted by a pitched roof clad with profiled metal sheeting. Height to eaves 4.08 m. (13ft 5) approx.
The unit benefits from access via a roller shutter door. A store, toilet and a first floor store are included.
2,613 sq.ft (242.84 sq.m.) approx.
First floor store - 82 sq.ft. (7.6 sq.m.) approx.
We have been advised the unit has had a replacement roof 18 months ago along with a re wire 6 months ago. Interested parties are advised to inspect the legal pack for more information.
The premises are located to the rear of the Premier Industrial Estate. The Merry Hill Centre and Brierley Hill town centre are within two miles. The Dudley Southern Bypass lies within 3 miles.
We are advised that VAT is applicable. Interested parties are advised to inspect the legal pack for more information.
Long leasehold - 999 years (less 3 days) from 7th June 1996. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Leasehold. Vacant possession upon completion.
971
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.
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