Leisure in WV13

Wood Street, Willenhall, West Midlands, WV13 1JY

Brochure

Tenure: Unknown

Connecting to auction...

Starting bid£365,000

Please wait while we establish connection

Key Information

Parking: Allocated

Property features

Suitable for Investors & Developers
Substantial Commercial Premises 952m2
Light Industrial / Workshop Premises with Offices
Freehold

Leisure in WV13

Being Sold via Secure Sale online bidding. Terms & Conditions apply.

SUITABLE FOR INVESTORS / DEVELOPERS

An exciting opportunity to acquire a substantial and versatile commercial premises with associated land, offering excellent potential for a variety of future uses, subject to the necessary planning permissions.

The property extends to approximately 13,000 sq ft in total, comprising approximately 6,500 sq ft on the ground floor and a further 6,500 sq ft on the first floor.

Under the proposed future layout, the building could be divided into five separate sections.

Part of the property is currently occupied by a tenant under a five-year lease at a rent of £1,600 per calendar month. The tenancy relates solely to an approximately 2,000 sq ft section situated at the rear of the first floor.

The tenant benefits from exclusive use of this area, together with a separate private entrance and staircase. The leased accommodation also includes three washrooms.

The property currently comprises a ground-floor shopfront/office with a large display window, together with roller-shutter access leading into a substantial traditional workshop/industrial area. A further roller-shutter door provides access to the external yard, while the first floor offers additional office accommodation.

The existing buildings could be renovated and retained for commercial use, potentially suiting a range of businesses requiring workshop, storage, office or trade premises. Alternatively, the site may offer development potential for residential dwellings, subject to obtaining the appropriate planning consent.

Viewing is highly recommended to fully appreciate the size, versatility and potential this unique property and site have to offer.

Description

An exciting opportunity to acquire a substantial and versatile commercial premises with associated land, offering excellent potential for a variety of future uses, subject to the necessary planning permissions. The property extends to approximately 13,000 sq ft in total, comprising approximately 6,500 sq ft on the ground floor and a further 6,500 sq ft on the first floor. Under the proposed future layout, the building could be divided into five separate sections.

Tenure

WM562330 - Freehold

Location

Wood Street, Willenhall.

Additional Information

For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

Get a free valuation that fits your needs.

Whether you’d like an instant online estimate or an expert visit to discuss your home in detail, our team will give you clear, honest advice and help you plan your next move.

Free Expert Home Visit Valuation Get an Instant Online Valuation

These results are for a repayment mortgage and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Land Tax rates are based on UK government guidelines and are subject to change. This calculator is for guidance only. Please consult a qualified professional for advice on your specific circumstances.