Wellington House, 3-5 Wellington Road, Bilston, WV14 6AA
Freehold office building in Bilston
Guide price*
£475,000+
Plus fees
Sold prior to auction, for an undisclosed amount
Lot information
Commercial Vacant
Auction details:
Thursday 14th December 2023 @ 09:00AM
Substantial Freehold Building with Rear Car Parking and Grounds
Property Description
The property currently comprises of a substantial 1800s constructed two storey office building. The building combines to afford approximately 11,559 sq. ft. ( 1074.25 sq m) of office accommodation over ground and first floors with front and rear parking. Currently configures as a series of self-contained office suites, the property would lend itself to a variety of use ( subject to consent) including residential, leisure, education and healthcare. The site itself extends to 0.395 acres ( 0.16 hectares).Location
The property occupies prominent corner location at the junction between Wellington Road (A41) and Caledonia Street. The property is within easy access of the busy A41 Oxford Street Island which links to the main A463 Black Country route leading directly to Junction 10 of the M6 Motorway.There are a variety of national and local retailers / businesses in the locality including Post Office, Iceland, Morrisons Superstore, multiple food providers, commercial & residential estate agents, and hair & beauty specialists, along with many commercial entities, and a high volume of residential occupation in the local vicinity.
Bilston has a Shopping Centre and good bus/tram links nearby. Bilston is a town within the Borough of Wolverhampton, bordering both Sandwell and Walsall. It is approximately 4 miles from Wolverhampton Town Centre and 10 miles North west of Birmingham City.
Accommodation
Ground floor – Reception, 10 offices , ladies and gent’s WC’s , kitchen, lift to first floor and plant room.First Floor – 19 offices, boardroom, meeting room, kitchen, store.
Outside: Car parking to two sides.
Energy Performance Rating
See legal pack.Tenure
Freehold – Vacant possession upon completion.Services
All mains are installed and the property benefits from gas central heating throughout. Prospective buyers should make their own independent enquiries as to the suitability of services for their particular requirements.Value Added Tax
All prices quoted are exclusive of any VAT that may be payable.Rateable Value
3 wellington Road - £25,250.5 Wellington Road - £23,750.
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 £2,340 inc VAT (£1,950.00 + 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.
