2 Dickinson Drive, Walsall, West Midlands, WS2 9DN

Freehold investment property in Walsall

Guide price*

£165,000+

Plus fees

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Lot 145 Commercial Investment
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Auction details:

Wednesday 20th October 2021 @ 09:00AM

Livestreamed Auction

A Prominent Freehold Investment Within An Established Neighbourhood Location, And Having Excellent Access To The Midland Motorway Network Current Rental Income £15,000 PA

Property Description

A prominent part two storey part single storey semi detached property of rendered brick construction with a pitched tiled roof and a flat roof over the single storey extension and garage. The property is currently configured to provide two trading areas on the ground floor with ancillary stores, yard, WC and a separate side garage. The first floor comprises a self contained flat, with one bedroom, kitchen, lounge and shower room. The flat benefits from gas fired central heating. There is a surfaced forecourt to the front of the property.

Location

The property lies to the western side of Dickinson Drive close to it's junction with the main A4148 Wallows Lane within a well established predominantly residential neighbourhood.
There is a Morrisons food store immediately opposite the property and there is excellent access to the local motorway network via junction 9 of the M6 motorway which lies just a short distance south of the property.

Energy Performance Rating

See legal pack.

Tenure

We understand the property is freehold and is let by a way of a 7 year lease with effect from the 15th January 2016 at a current rent of £15,000 per annum.
We have not had sight of any documentation relating to the letting and all interested parties should view this within the auction legal pack.

Value Added Tax

We understand that VAT is not chargeable on this transaction.

Auctioneers Note

At the time of going to print, the Auctioneers were unable to inspect the property internally and all interested parties should seek their own verification in respect of the accommodation, configuration and heating.

Auctioneer's Note

Please note offers may be considered prior to the Auction Sale.

Remote Bidding Auction

This 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.

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 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.

REMOTE BIDDING AUCTION

Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only.  You must pre-register to bid for each auction no later than 24 hours 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 £1,680 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. 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.

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