For Sale By Public Auction on 12 September 2024 starting at 08:30 AM - A substantial vacant freehold three storey block of 52 Self contained flats, situated on a plot of approximately 0.9 acre (0.36 hectares), which may be suitable for redevelopment, subject to obtaining the necessary planning consents



A substantial three storey block of 52 flats, standing back from the road behind a parking area. The property is situated within a mixed use area of commercial residential units, benefitting from local amenities within walking distance. The property has good access to Walsall Town Centre and convenient transportation routes to surrounding districts.

Accommodation
Ground Floor: Entrance Vestibule, Communal Hall with Lift Access, Security Office, Inner Hall, Three Staircases, Communal Kitchen, Communal Shower Room, Communal WC, Communal Disabled WC, Communal Lounge with Conservatory off, Communal Dining Room, Communal Laundry Room.
Flats 1-16 (no flats 12 or13): All flats comprise Hall, Living Room with Kitchen off, Bedroom, Shower Room/WC.
Warden's Flat (Duplex) On the ground floor Hall, Reception Room, Kitchen, WC and on the first floor Landing, Three Bedrooms, Bathroom/WC.
Flat 12 (Lower Ground Floor): Hall, Living Room with Kitchen off, Bedroom, Shower Room/WC.
First Floor: Communal Landing with Lift Access, Communal Chapel.
Flats 17-34: All flats comprise Hall, Living Room with Kitchen off, Bedroom, Shower Room/WC.
Second Floor: Communal Landing with Lift Access, Communal Library.
Flats 35-52: All flats comprise Hall, Living Room with Kitchen off, Bedroom, Shower Room/WC.
Outside: Off Road Parking to Front & Rear, Communal Courtyard, Communal Gardens and Communal Bin/Refuse Area.
The property benefits from having an electric heating system, an intercom door entry system, fire doors, smoke alarms, emergency lighting and an elevator lift system which serves each floor and UPVC double glazing.

Energy Performance Rating
See legal pack.

Tenure
Freehold Vacant possession upon completion.

Planning
We are informed that there is a restrictive covenant on the title which prevents it from being utilised as anything other than sheltered accommodation for elderly or infirm persons, however prospective buyers must make their own enquiries with regards to any change of use (subject to permissions), to satisfy themselves of any use they may propose.

Auctioneer's Note
Please note that the completion period for this property is 8 weeks (56 days).
Please note offers may be considered prior to the Auction Sale.

Viewing Times
Please note the appointments listed below are pre-booked so there is no need to book in prior to attending.

04/09/2024 10:00 - 11:00

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 include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

*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 Auctioneers 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 £2,160 inc VAT (£1,800.00 + VAT) (unless otherwise stated in the important information available on Bond Wolfe’s website), 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. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’ on the Bond Wolfe website, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. 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.