40C Bath Road, Chapel Ash, Wolverhampton, WV1 4EP
Detached Freehold purpose built Restaurant/Bistro in Chapel Ash, Wolverhampton
Wednesday 23rd October 2019 @ 10:30AM
Holte Suite, Aston Villa FC, Trinity Rd, Birmingham B6 6HE
AN ATTRACTIVE DETACHED FREEHOLD, PURPOSE BUILT RESTAURANT/BISTRO HAVING APPROXIMATELY 60 COVERS LOCATED CLOSE TO WOLVERHAMPTON CITY CENTRE
Property DescriptionThe property comprises a detached two storey purpose built restaurant/bistro and is offered complete with all fixtures and fittings. The property is configured to provide on the ground floor a restaurant area of approximately 20 covers, with bar, fully equipped commercial kitchen and disabled WC. On the first floor is a main restaurant area with approximately 40 covers, bar and male and female WC's.
LocationThe property is prominently located to the northern side of Bath Road just off the main A41 Tettenhall Road/Chapel Ash junction and a short distance west of Wolverhampton city centre.
The area comprises a well established mix of commercial uses including Bank's Brewery, local restaurants, the Combemere Arms public house and Stratstone Harley Davidson dealership, together with older residential development.
The property is considered to benefit from an excellent catchment area for potential trade for a continuation of its former use as a restaurant/bistro.
Energy Performance RatingD
TenureFreehold – Vacant possession upon completion.
Value Added TaxWe understand that VAT is chargeable on this transaction.
Auctioneers Note1. The property is offered complete with all fixtures and fittings.
2. Please note no offers will be considered prior to the Auction Sale.
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.