Land Adjoining 124 High Street, Princes End, Tipton, DY4 9JA

Freehold industrial redevelopment opportunity in Tipton on behalf of Sandwell Metropolitan Borough Council

Guide price*

£65,000+

Plus fees

Sold for £108,000

Lot 9 Land/Development
Save property

Auction details:

Thursday 27th February 2020 @ 10:00AM

A Freehold Site For Industrial Redevelopment, subject to obtaining any necessary Planning Permission

Property Description

A freehold rectangular parcel of land which is considered suitable for industrial redevelopment subject to obtaining the necessary planning permission.

Site Area

We understand that the site extends to some 1139.8 square meters (1363.2 square yards) or thereabouts.

Planning

The site is only considered suitable for Local Employment Uses in accordance with the allocation in the Development Plan.
Sandwell Metropolitan Borough Council have issued a Planning Statement to illustrate the potential for industrial redevelopment which includes indicative, non-prescriptive layouts and this can be inspected within the legal pack or the Auctioneer's offices. It must be emphasised however that the schemes are only indicative and other options in accordance with the design principles would be considered on their own merits.
For any planning enquiries please contact Ceri Phillips at Sandwell Metropolitan Borough Council on 0121 569 4128.

Services

Mains services are understood to be available in the vicinity of the site, but prospective buyers should make their own independent enquiries as to the suitability of services for their particular requirements.

Ground Conditions & Contamination

Prospective buyers must undertake their own investigations with regard to ground conditions and contamination and fully satisfy themselves as to the suitability of the site for any use they may propose.

Plans/Aerial Photographs

Any plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.

Rights of way, wayleaves, easements, restrictive covenants etc.

The site is sold subject to, or with the benefit of any rights of way, wayleaves, restrictive covenants etc. which may exist whether mentioned in these particulars or not.

Auctioneer's Note

Please note no offers will be considered prior or post the Auction Sale.
In addition to the purchase price, the purchaser will be required to pay the Council's professional and legal fees as stated within the legal pack.
The successful purchaser will on the day of completion provide to the Vendor a bond in the sum of £1,000 to cover any maintenance costs in the event of a default by the purchaser (please refer to the legal pack for further details).
Please note that the administration fee applicable on this Lot is £395 plus VAT and not the usual £950 plus VAT.

Viewings

External viewings only.
Sandwell 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.

Register to bid for our next auction