Lantern House, 129-130 Lichfield Street, Walsall, WS1 1SY
Town Centre Redevelopment Opportunity in Walsall
Sold prior to auction for an undisclosed amount.
Thursday 18th May 2023 @ 09:00AM
A Prominent Freehold Town Centre Redevelopment Opportunity, considered suitable for a wide variety of alternative uses subject to planning permission, permission has previously been granted for a 40 bedroom Hotel
Property DescriptionThe property comprises a prominent double fronted part three storey building which we understand was previously used as offices and surgery and stands on an approximately rectangular shaped site extending to circa 0.24 acres (0.1 hectares). The property is considered suitable for a wide variety of alternative uses including wholesale development of the site. The current owners have previously obtained planning permission for a 40 bedroom budget hotel, and also undertaken initial discussions with a leading HMO provider.
LocationOccupying a prominent town centre position to the eastern side of Lichfield Street within a popular mixed commercial environment with professional offices, retail, restaurant and pubs. There is a large Morrisons food store to the rear of the property.
Walsall is a market town located approximately 9 miles northwest of Birmingham, 7 miles east of Wolverhampton, and 9 miles from Lichfield, it benefits from excellent access to the national motorway network via junction 10 of the M6 motorway.
Energy Performance RatingSee legal pack.
TenureFreehold – Vacant possession upon completion.
PlanningAll interested parties should make their own enquiries of the planning department within Walsall Council in respect of their proposed future use.
The current owners obtained planning permission under Application No. 18/0212 dated the 23rd January 2019 for a change of use to a budget hotel including a two storey side and two storey rear extension, and increased roof height and rear facing dormer windows to the existing building.
ServicesMains services are understood to be available in the vicinity of the site, but prospective buyers should make their own independent enquiries as to the suitability of services for their particular requirements.
Ground Conditions & ContaminationProspective buyers must undertake their own investigations with regard to ground conditions and contamination and fully satisfy themselves as to the suitability of the site for any use they may propose.
Plans/Aerial PhotographsAny plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.
Rights of way, wayleaves, easements, restrictive covenants etc.The site is sold subject to, or with the benefit of any rights of way, wayleaves, restrictive covenants etc. which may exist whether mentioned in these particulars or not.
Value Added TaxWe understand VAT is applicable on this transaction.
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 £1,680 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.