Chapel Ash House, 6 Compton Road, Wolverhampton, WV3 9PH
Development property with full planning consent for 6 apartments in Wolverhampton
Sold for £234,000
A Vacant Freehold Development Property, Formerly used as Offices with Full Planning Consent for 6 Apartments
Property DescriptionA mid terraced town house, which has planning consent for the conversion into 5 one bedroom and 1 two bedroom apartments, standing back from the road with a stepped approach.
LocationThe property is conveniently located for easy access to Wolverhampton Town Centre in the popular area of Chapel Ash, close to local restaurants and shopping, with the multi-million Westside development which may commence later this year and will include a multi screen cinema, additional family leisure facilities, new restaurants and a multi-storey car park.
AccommodationGround Floor: Entrance Hall, Four Rooms, Access to Cellar with storage and we are informed there is a gas meter and three phase electric supply.
First Floor: Landing, Four Rooms.
Second Floor: Landing, Three Rooms.
Outside: Side Tunnel Entry providing access to bin storage, proposed cycle storage, access to the side door and access for the adjoining property.
The property has been stripped back ready to commence redevelopment and the majority of windows are now UPVC double glazed units.
Energy Performance RatingE
TenureFreehold – Vacant possession upon completion.
PlanningWe understand that planning consent for the redevelopment of 1 two bedroom and 5 one bedroom apartments has been approved by Wolverhampton City Council Planning Department under application number 18/01291/FUL on 28th November 2018.
Auctioneers NotePlease note no offers will be considered prior to the Auction Sale.
ViewingsChapel Ash House, 6 Compton Road, Wolverhampton WV3 9PH
Please note the following dates and times are block viewings for the allocated time slots only and you DO NOT need to book.
Thursday 20th Jun 2019 11:15-11:30
Tuesday 25th Jun 2019 14:30-14:45
Thursday 27th Jun 2019 11:15-11:30
Tuesday 2nd Jul 2019 14:30-14:45
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.