Industrial development for sale

For Sale By Public Auction on 24 October 2024 starting at 08:30 AM - Two adjoining freehold industrial units having the potential to convert back to a single unit extending in total to approximately 6,067 sq. ft (563.63 sq. m) within an established industrial location



The property comprises a detached industrial building which has been divided internally to provide two units. On the left hand side, occupied by Cicada Sports, the ground floor provides a warehouse area adapted for retail use. There is first floor warehouse/stores and further mezzanine storage. The unit extends to approximately 3,516 sq. ft (326.6 sq. m). To the right hand side and benefitting from roller shutter access, is a ground floor workshop, first floor workshop and offices. The unit extends top approximately 2,551 sq. ft (236.99 sq. m).
We have not undertaken a measured survey and interested parties must seek their own verification of floor areas and dimensions.
To the front there is a surfaced forecourt parking for 7 cars.

Location
The property lies to the eastern side of Pikehelve Street, which runs off Bagnall Street within a well established industrial location.
The property benefits from excellent access to the Midland road network via the nearby A41 Black Country New Road, and junction 1 of the M5 motorway which lies approximately 3 miles distant.

Energy Performance Rating
See legal pack.

Tenure
Freehold.
Unit 2/3 is let by was of a 3 year lease to Cicada Sports Limited with effect from 01/09/2012 as a rent of £9,300 per annum. The tenant is currently holding over.
Unit F will be available with vacant possession upon completion.

Value Added Tax
We understand VAT is not chargeable on this transaction.

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

Viewing Times
Strictly by appointment with the Auctioneers.

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.