7 Wordsley Green Shopping Centre, Stourbridge, DY8 5PD
Freehold mid terraced property in Stourbridge
Guide price*
£95,000+
Plus fees
Lot information
Commercial Investment
Auction details:
Wednesday 11th December 2024 @ 08:30AM
A freehold mid terraced retail investment Current income £14,225 PA
Property Description
A ground floor mid terraced retail unit currently leased to Mary Steven's Hospice, which have over 20 stores across the Midlands. The property also includes a self contained garage to the rear within a block and the freehold to flat 6 which has been sold off on a long leasehold. The properties lies within a busy neighborhood shopping centre which includes other business's such as Sainsbury's, Spar, Post Office and Subway and other amenities along with a local Library and free car park.Accommodation
Ground Floor: Large Retail Area, Rear Store Room, Kitchen, WC.Outside: Garage, Rear Access for deliveries.
Energy Performance Rating
ETenure
Freehold – Subject to the existing tenancy. Flat 6 has been sold off on a long leasehold from 1st January 2005 for a term of 125 years collecting £25 per annum ground rent.Tenancy Details
The property is let on a rolling lease which was initially from November 2010 to October 2016 at a rent of £13,000 per annum to Mary Steven Hospice Trading Company Limited on an FRI basis.The Garage is let at £100pcm- £1,200.00 per annum for 12 months from 25 March 2024.
Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.Viewings
External viewings only.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.
