22-24 Lower High Street, Wednesbury, WS10 7AQ
Freehold Development Opportunity with Planning Permission in Wednesbury
Guide price*
£375,000+
Plus fees
Sold prior to auction, for an undisclosed amount
Lot information
Commercial Vacant
Land/Development
Auction details:
Wednesday 31st March 2021 @ 08:30AM
Live-streamed Auction
Freehold Development Opportunity For Sale with Planning Permission
Property Description
A substantial two storey corner property with prominent return frontage. The property briefly comprises a large ground floor retail property with first floor premises. In total the property is 5,895 square feet spread over two floors. The ground floor extends to approximately 2,900 square feet. Beyond the retail trading area there are WC’s and ancillary areas. To the first floor there is open plan former retail space. The property now benefits from planning consent for the conversion of the property to 9 x 1 bedroom apartments (four apartments to the ground floor and five apartments to the first floor).Location
The property is situated in a prominent and imposing corner position on Lower High Street in the popular town centre of Wednesbury. It is situated within close proximity to a number of retailers and affords excellent links to nearby public transport. Junction 9 of the M6 motorway is approximately two miles to the north east.Accommodation
Ground Floor: 2,900 sq.ft. approx.First Floor: 2,995 sq.ft. approx.
Energy Performance Rating
C.Tenure
Freehold – Vacant possession upon completion.Planning
On 24th May 2019 under planning application number DC/19/62984, the property was granted planning permission for conversion of the first floor to 5 apartments. Additionally, on 9th November 2020 under application number DC/20/64440, planning consent was granted for the conversion of the ground floor to a further 4 apartments.Auctioneers Note
Please note offers may be considered prior to the Auction Sale.Viewings
Strictly by appointment with the Auctioneers.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.
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. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
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 £1,920 inc VAT (£1,600.00 + 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. 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’, 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.
