Property

For Sale By Public Auction on 14 September 2023 starting at 09:00 AM - Live-streamed Auction

A Substantial Two Storey Freehold Town Centre Retail Property with Development Potential, subject to obtaining the necessary planning consents



The unit comprises of a ground floor retail sale/showroom which benefits from an aluminium framed shop front with glazed display windows fronting Union Street.
There is substantial first floor accommodation providing kitchenette facilities and male and female WC's.

Accommodation
Unit 61-62: 777 sq.m. / 8,361 sq.ft.

Location
The property occupies a prominent position within a busy shopping street in Wednesbury Town Centre.
The town is well served by public transport links and there is a variety of nearby public car parking facilities. The unit itself is within walking distance of Wednesbury bus station and Wednesbury Great Western Street metro station which provides a direct link to Wolverhampton and Birmingham City Centres. Wednesbury Town Centre is approximately 6 miles south west of Wolverhampton City Centre and 10 miles north west of Birmingham City Centre. The unit is also located close to the Black Country New Road (A41) which provides good access to junction 9 of the M6 via the A461, approximately 1.5 miles to the north and junction 1 of the M5 approximately 4.5 miles to the south east.

Energy Performance Rating
D.

Tenure
Freehold Sold Subject to the existing tenancy and Part Vacant.

Planning
The property may have development potential, subject to obtaining any necessary planning consents. All interested parties are advised to make their own enquiries with Sandwell Council on[use Contact Agent Button], to fully satisfy themselves of any use they may propose.

Value Added Tax
For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.

Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.

Viewing Times
Strictly by appointment with the Auctioneers.

Tenancy Details
The property is part let to Chapman Opticians Ltd until 2026 at a passing rent of £10,000 per annum.

Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.

Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information or on the Bond Wolfe’s website.

*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneer's expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.

Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe’s website.