Mixed Use
47 Zoar Street comprises a retail unit, a two bedroom apartment, a former gym and substantial car park. The site may be suitable for redevelopment subject to planning or relet in its current form. The site extends circa 0.15 acres. Vacant possession upon completion.
The ground floor comprises a retail unit formerly a charity shop of circa 900sq ft and benefitting from a roller shutter.
The first and second floor has a two bedroom apartment which is in a poor state of repair and would need refurbishing to be habitable. Access is via a dedicated entrance from the car park.
To the rear is an extension which housed a gym over two stories and providing circa 1800 sq ft of accommodation. The whole site extends circa 0.15 acres.
The property is situated in the popular location of Lower Gornal, Dudley, close to excellent local amenities and schooling, with a variety of shops, restaurants and pubs within a close proximity. For commuters, various regular bus services operate throughout the area offering easy access to Dudley, Merry Hill, Wolverhampton and surrounding areas.
We have also been advised that a large well known low cost supermarket has plans to build a store on the opposite side of Zoar Street. We feel that this will being a raft of opportunities for alternate use of the building subject to planning consent.
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 under and Unconditional sale type.
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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
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.
