Unit 45 Owen Road Industrial Estate, Willenhall, WV13 2PX
Freehold industrial unit in Willenhall
Sold for £291,000.
Thursday 18th May 2023 @ 09:00AM
A Part Let, Part Vacant Freehold Industrial Unit, extending to approximately 7,500 sq.ft. (890 sq.m.) and close to Junction 10 of the M6 Motorway Current Rental Income: £16,200 pa. Estimated Full Rental Value: £36,000 pa.
Property DescriptionA two storey industrial unit of predominately brick and blockwork construction with corrugated cladding above and a single storey brick office building, which adjoins the main workshop and provides three offices with kitchenette and WC. There is a yard providing parking for approximately 15 cars. The main workshop building provides ground floor space currently let, whilst the upper floor and offices are vacant and provide the opportunity to generate further rental income, all suitable for a owner occupier.
LocationThe property is situated within a well established industrial/commercial location, just off the main A454 Black Country Route and has excellent access to the national motorway network via Junction 10 of the M6 motorway which lies approximately 2 miles distant.
Energy Performance RatingD.
TenureThe property is Freehold. The ground floor is let to Geds Alloys for a term of 3 years with effect from 1st September 2022, at a rent of £16,200 per annum. The first floor and offices are currently vacant but have an ERV of approximately £19,800 per annum.
Value Added TaxWe understand VAT is not 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.