9 St. Georges Parade, Wolverhampton, WV2 1AZ
A substantial purpose built block of 30 self contained flats situated in Wolverhampton City Centre
Guide price*
£1,850,000+
Plus fees
Sold prior to auction, for an undisclosed amount
Lot information
Land/Development
Residential Vacant
Auction details:
Wednesday 11th December 2024 @ 08:30AM
A substantial vacant freehold four storey purpose built block of 30 self contained flats, situated in Wolverhampton City Centre which may be suitable for redevelopment subject to obtaining the necessary planning consents
Property Description
A substantial four storey block of 30 flats spread amongst five blocks. The property is located within a mixed-use area of both commercial and residential uses and is situated in the centre of Wolverhampton and occupies a prominent position on the popular St Georges Parade. There are ample amenities within walking distance including the Wulfrun Shopping Centre and good transport routes to surrounding districts. It is approximately a 10 minute walk from Wolverhampton University and the Wolverhampton Railway Station.Accommodation
Each flat comprises a Hall, Open plan Living Room/Kitchen, Bedroom, Shower Room/WC.Block 1:
Ground Floor: Management Office/Comms Room, Laundry Room.
First Floor: Flats 28 & 29
Second Floor: Flats 30 & 31
Block 2:
Ground Floor: Lift access
First Floor: Flats 2 & 3
Second Floor: Flats 4 & 5
Third Floor: Flat 6
Flat 1: Independently accessed via separate external door at ground floor level in between blocks 2 & 3
Block 3:
Ground Floor: Flats 7 & 8
First Floor: Flats 9 & 10
Second Floor: Flats 11 & 12
Third Floor: Flats 14 & 15
Block 4:
Ground Floor: Flats 16 & 17
First Floor: Flats 18 & 19
Second Floor: Flats 20 & 21
Block 5:
Ground Floor: Flats 22 & 23
First Floor: Flats 24 & 25
Second Floor: Flats 26 & 27
Outside: Communal Courtyard, Communal Grounds, Communal Bin/Refuse Area and Communal Store.
The property benefits from having a gas fired central heating system, an intercom door entry system, fire doors, smoke alarms, emergency lighting and an elevator lift system which serves each floor of block 2 and aluminum framed double glazing.
Energy Performance Rating
Flats 2, 4, 6 & 18 - Rating B.Remaining flats - Rating C.
Tenure
Freehold – Vacant possession upon completion.Auctioneer's Note
Please note that the completion period for this property is 8 weeks (56 days).Please note offers may be considered prior to the Auction Sale.
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 £2,340 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.
