Commercial Development in Tipton

1 Hackett Street, Tipton DY4 0JJ
  • Lot No: 11
  • Property Type: Commercial Development
  • Contract Type: Unconditional with Variable Fee

Guide Price* £185,000+ plus fees

Result Sold at Auction £200,000

Property Description

A freehold industrial site located along Hackett Street Tipton benefitting from a large yard to the front with a single storey commercial unit to the rear. The unit comprises, storage area along with main workshop, WC and we are advised there is an unrestricted use on the site. The unit also benefits from roller Shutters, and we know that it was previously used as an mot station. The site will be sold with a tenant on a rolling basis with a rent passing of £100 per week. We have had no formal agreement provided by the vendor or the tenant and are advised the agreement is verbal. The new owners can negotiate new rent terms or seek Vacant Posession should they wish. We advise interested parties to inspect the legal pack for more information.

Draft Sales Details

These sales details are awaiting vendor approval.


Viewing information

Please be advised that there is no access available for this property. Prospective buyers, particularly those relying on financing options who may require a survey, are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 30th March 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

1 Hackett Street, Tipton DY4 0JJ