315-319 High Street, West Bromwich, B70 8LU
Freehold development opportunity in West Bromwich
Sold prior to auction, for an undisclosed amount
Attractive High Street Freehold Development Opportunity For Sale with Planning Permission for a 35 bedroom HMO
Property DescriptionThe property comprises a character three storey former office building offering approximately 6,614 sq. ft of accommodation approached via two separate entrances directly from the High Street. There is direct access to an onsite car park to the rear. The building was formerly two separate properties, more latterly utilised as one property and now benefits from planning consent for part demolition and part conversion to a 35 bedroom HMO.
LocationSituated in a prominent position on West Bromwich High street within the Town Centre and within easy access to the motorway network via Junction 1 of the M5 motorway and the A41 Black Country Route. West Bromwich Bus Station and Metro Station are within easy walking distance and the Sandwell & Dudley train station is approximately 5 minutes’ drive away.
The property is also close to the new Tesco led New Square development which includes leisure facilities and a range of shops, cafes, bars and restaurants.
AccommodationGround Floor: Accessed via two entrances directly from the High Street, main reception with disabled ramp,inner lobby connected to 10 insular offices; male, female and disabled W.C’s, 2 kitchenettes, access to basement and stairs leading to upper floors.
First Floor: 10 insular offices, walk in safe, storeroom/archive space, male and female WC’s and kitchenette.
Second Floor: 4 offices.
Outside: To the rear of the property there is a car park providing 11 car parking spaces and 1 disabled space accessed via Lombard Street.
Energy Performance RatingC.
TenureFreehold – Vacant possession upon completion.
PlanningOn 4th September 2020, under application number DC/20/64004, consent was granted for the demolition of part of the building and proposed two storey rear extension and change of use to a 35 No. bedroom house in multiple occupation (HMO).
Value Added TaxWe are advised that Vat is payable in addition to the purchase price.
Auctioneers NoteA member of Bond Wolfe Auctions has a vested interest in this property.
Auctioneer's NotePlease note offers may be considered prior to the Auction Sale.
Remote Bidding AuctionThis property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.
ViewingsStrictly by appointment with the Auctioneers.
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.
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 is available to download free of charge under the ‘lot information’. 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.