Unit 43 Middlemore Industrial Estate, Middlemore Road, Smethwick, B66 2EA
Vacant industrial unit in Smethwick
A Long Leasehold Vacant Industrial Unit Extending To 11,692 sq. ft. (1085.9 sq m)
Property DescriptionThe property is of concrete frame construction and is surmounted by a pitched slate roof. The building is a single storey warehouse premises with integral office accommodation. The warehouse internally benefits from concrete flooring, internal wall cladding, wired glass roof lights, a travelling crane, WC facilities and two integral stores. The warehouse provides eaves height of approximately 4.2 metres.
LocationThe property is located on the well-established and popular Middlemore Industrial estate, off Middlemore Road which leads to the main A41 Birmingham Road. The property is conveniently located with easy access to the national motorway network at junction 1 of the M5 motorway, approximately 1/2 a mile distant.
Energy Performance RatingG
TenureWe understand that the property is long leasehold for a term of 150 years with effect from March 1986 at a ground rent of £440 per annum.
Value Added TaxWe understand VAT will not be chargeable on this transaction.
Auctioneer's NotePlease note offers may be considered prior to the Auction Sale.
Service ChargeWe understand that an estate charge is to be levied to cover the cost of services provided by the Freeholder.
ViewingsStrictly by appointment with the Auctioneers.
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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.