Commercial Property
48 - 49 Zoar Street comprises a freehold building located along Zoar Street benefitting from parking, 11 Offices, a commercial retail unit and 3 light industrial sheds to the rear. We feel the property has scope for reconfiguration into perhaps a mixed use scheme subject to planning consent or could just be let as is with minimal works required. Vacant possession upon completion.
The accommodation comprises
49 Zoar Street
A former barber shop to the ground floor with roller shutters approximately 800sq.ft of retail space in reasonable condition and used until quite recently with former rent passing of circa £7000pa. The shop has access to 48 Zoar Street where male and female WC and kitchen facilities are located.
48 Zoar Street
To the ground floor 4 offices of varying sizes which can be reconfigured to specific needs relatively easily. Male female and disabled wc, kitchen facilities.
There are two sets of stairs leading to the first story which comprises 6 offices, kitchen facilities, male and female WC along with fire escape.
Second story comprises a further office.
To the rear of the property also benefits from 3 light industrial accessed via a gated service road to the side giving secure parking, yard area and communal WC. The units appeared to have been recently let and could potentially be converted into residential dwellings subject to planning approvals.
To clarify the sale of this lot includes part of title WM832363. The extent of this lot is confirmed in the plan in our marketing and also in the legal pack.
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 alternative use of the building subject to planning consent.
Prospective buyers are referred to the search results within the legal pack, particularly in relation to mine entries and other identified findings and are advised to make all necessary independent enquiries 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 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.
