Acorn Centre, Ablewell Street, Walsall, WS1 2EG

Collection of workshops in Walsall being sold on behalf of Walsall Council

Guide price*

£50,000+

Plus fees

Sold for £134,000

Lot 2 Commercial Investment Commercial Vacant
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Auction details:

Thursday 14th September 2023 @ 09:00AM

A COLLECTION OF WORKSHOPS – TWO WITH VACANT POSSESSION AND SIX HELD ON A LONG LEASE

Property Description

Freehold of the Acorn Centre for sale, comprising of two buildings containing a number of workshops with a forecourt and off-road parking. Two of the workshops with vacant possession and six held on a long lease with approximately 22 years unexpired at a ground rent of £50pa. The property is approached via vehicular access over the petrol station fronting the property.

Accommodation

Unit 1 & 2
Ground Floor: Entrance Hall, Workshop, Office, Two WCs.
First Floor: Workshop and Office.
Units 3-8
Workshops are held on a Long Lease.
Units 9 & 10
Ground Floor: Entrance Porch, Workshop, Shower Room/WC.
First Floor: Workshop.
Outside: Forecourt and parking accessed via right of way over petrol station forecourt.

Energy Performance Rating

See Legal Pack

Tenure

Freehold – Subject to the existing leases.

Auctioneer's Note

In addition to the purchase price the purchaser will be required to pay the councils professional fees of £3,500 + VAT.
Please note no offers will be considered prior or post 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

See viewing schedule. Please note the appointments listed below are pre-booked so there is no need to book in prior to attending.
Wednesday 30th Aug 2023 13:45-14:00
Monday 4th Sep 2023 11:30-11:45
Monday 11th Sep 2023 11:30-11:45
Wednesday 6th Sep 2023 13:45-14:00

Tenancy

Term Rental
Units 1 & 2` Freehold - Vacant Possession
Units 9 &10 Freehold - Vacant Possession
Units 3-8 Freehold - Subject to a Leasehold Interest for 60 Years from 13th April 1985 expiring on 12th April 2045 (approximately 22 years unexpired) at current ground rent of £50 pa with a rent review now due.
Walsall Council
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.

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