Mixed Use in Stourbridge

5 Wordsley Green Shopping Centre, Stourbridge DY8 5PD
  • Lot No: 58
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £130,000+ plus fees

Result Sold at Auction £151,000

Property Description

A mid terraced building comprising a ground floor shop with separate rear access to a self-contained flat on the first floor and garage to the rear. Leased by Compton Care Group LTD - A charity with over 20 branches www.comptoncare.org.uk Annual rent - £14,800 Garage is let separately - £1,200 per annum Total rent - £16,000 per annum Similar shop, flat and garage recently let at £20,400 per annum. Negotiations have recently commenced for a new lease. Located within this neighbourhood shopping centre, which includes such multiples as Sainsburys, Spar, Post Office and Subway and a variety of independent traders, as well as the Local Library, Health Centre and a Free Car Park. Stourbridge is a market town which lies some 12 miles west of Birmingham and 7 miles north-east of Kidderminster.

Services:

Mains gas, electricity, water and drainage are believed to be connected. Prospective buyers are advised to make any necessary independent enquiries in this respect before placing their bid, as this will be binding.


Heating:

TBC


Building Construction:

TBC


Broadband:

Standard 7 mbps, Superfast 160 mbps and Ultrafast 1000 mbps are available in this location


Mobile Signal:

EE, O2, Vodaphone and Three are available in this location for Voice and Data.


Satellite and Cable TV Availability:

Sky and BT are available in this location.


NOTE:

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.


Draft Sales Details

These sales details are awaiting vendor approval.


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 Fixed Fee. 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 fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT 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 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 May 2024

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

5 Wordsley Green Shopping Centre, Stourbridge DY8 5PD