11-12 Union Close, Tamworth, Staffordshire, B77 1BB
Long leasehold industrial unit in Tamworth
Guide price*
£230,000+
Plus fees
Sold prior to auction, for an undisclosed amount
Lot information
Commercial Vacant
Auction details:
Thursday 15th September 2022 @ 09:30AM
A Well Presented, Vacant, Long Leasehold Trade Centre/Industrial Unit Within A Convenient Location And Benefitting From Excellent Access To The Midland Motorway Network
Property Description
The property comprises a pair of units which have been interconnected to provide one trade counter unit extending to approximately 4,000sqft (3,701.60sqm) including a useful mezzanine, of brick and blockwork construction, with corrugated steel clad sheeting above and a lined corrugated metal sheeted roof, with pedestrian access from the front elevation and two roller shutter doors to the rear and having a maximum eaves height of approximately 6.5 metres. There are two separate sets of services and the property could easily be re instigated to provide two units of equal size. There are eight allocated car parking spaces.Location
The property fronts a well presented estate of 12 similar units, just south of Tamworth town centre and within easy access of the midland motorway network via junction 10 of the M42 motorway which lies a short distance east of the property, whilst the M6 toll runs to the south.Tamworth is centrally located being approximately 13 miles north east of Birmingham City Centre and 6 miles south east of Lichfield.
Energy Performance Rating
DTenure
The property is long leasehold for a term of 125 years with approximately 95 years unexpired at a ground rent of £5 per annum.Full details relating to tenure and a copy of the lease documentation will be available within the legal pack. There will be vacant possession upon completion.
Value Added Tax
For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.Remote Bidding Auction
This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.Viewings
Strictly by appointment with the Auctioneers.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 £2,160 inc VAT (£1,800.00 + 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.
