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    Key features

    • Freehold Industrial Opportunity
    • Suitable for Investors and Occupiers
    • Three Industrial Buildings and Associated Land
    • Total Accommodation - 12,604 sq ft (1,171.02 sq m)
    • Site Area Approx. 1.45 acres
    • Low Site Cover of 20%
    • Development Potential (subject to consents)
    • Asset Management Potential Via Letting
    • VAT-Free Opportunity
    • Eight Week Completion Available
    • Offered with Full Vacant Possession

    Description

    The property comprises a freehold industrial opportunity with a number of asset management and development opportunities (subject to obtaining the requisite consents).

    Previously used as a car showroom and workshop, the premises are offered vacant and comprise three industrial buildings on a large roadside site.

    The accommodation totals 12,604 sq ft (1,171.02 sq m) and includes the former showroom (6,724 sq ft), a former workshop (5,154 sq ft) and a storage unit (725 sq ft).

    The property occupies a large roadside site of approx. 1.45 acres (0.596 hectares) and therefore the site has a low coverage of 20%. We therefore consider the property may be suitable for the development of additional buildings (subject to obtaining any requisite consents), particularly to the rear where there is a largely undeveloped site of 0.36 acres.

    We consider the site also benefits from immediate asset management potential via letting, with an opportunity to create a high yielding investment.

    The property occupies a prominent roadside pitch fronting Bridge Street, an arterial route connecting Central Wednesbury to the A41. The property also lies approx 1.25 miles from the M6 motorway. The surrounding area comprises similar indistrial uses and forms part of the principal industrial belt in the Greater Birmingham area.

    Additional information

    Tenure

    Freehold

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      EPC rating

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      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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