Horsefair - £70,000

Kidderminster, Worcestershire, DY10 2EN

Request a viewing or call 01384 397797

£70,000

 

Horsefair

 

Commercial Property

Description
Brochure
Virtual Tour
Find this Property
Images

Details

  Price: £70,000
  Property Type: Commercial Property

Features

Investment Re-Development (stp)

Potential Buyers Enter Property At Their Own Risk

Short walking distance of town centre

Major regeneration area & road improvements

Freehold

Residential flats and retail

Close to all amenities

Large scale housing project to be developed close by

Prime refurbishment opportunity

For Sale By Auction - T & C's Apply

This property will be offered on Tues 28th Jan at The Molineux Stadium, Wolverhampton. Registration is from 6pm and the auction starts at 7pm. Any questions please call the Auction team on 0121 3660539.

Description

This property is for sale under Traditional Auction terms; Starting Bid Price £70,000 plus Reservation Fee. This is an excellent opportunity to purchase a prime refurbishment opportunity for residential and retail use. The property was previously used as retail and 5 residential flats. The property has been damaged by fire. The residential and retail use is existing and would not require change of use. West Midlands Property Auction powered by iamsold.

This property will be offered for sale on Tuesday 28th January at The Molineux Stadium, Wolverhampton. Registration is from 6pm and the auction starts at 7pm. If you have any questions please call the West Midlands Property Auction team on 0121 3660539.

LOCATION

The property is situated in a well-established area of Kidderminster, close to local amenities and within walking distance of Kidderminster town centre.

This area is about to undergo major regeneration with the construction of a new relief road / access to Kidderminster Ring road and creating a one way system down Blackwell Street and access to the major new residential area of Churchfields with enhancements to the public domain.

The property comprises a substantial two storey building to the front with significant out buildings and rear courtyard.

PLANNING

The property has existing use for residential and retail purposes. Building Regulation approval will be required and any interested parties should rely on their own investigations with the local planning authority

Wyre Forest District Council

Wyre Forest House

Fine Point Way

Kidderminster DY11 7WF

TENURE

We understand the property is freehold and free of any onerous conditions. (We recommend prospective Purchasers instruct Solicitors to undertake the necessary searches and due diligence).

STARTING BID PRICE

£70,000.

LEGAL COSTS

Each party to pay all own costs in respect of this transaction.

VIEWING

Strictly prior appointment with the agents. Please note all viewers enter the property at their own risk.

NOTE THE BUILDINGS HAVE BEEN DAMAGED BY FIRE AND WATER AND ARE IN A VERY POOR CONDITION - ANY INTERESTED PARTIES OR VIEWERS NEED TO TAKE EXTRA CARE ON INSPECTION AND SHOULD NOT ENTER THE BUILDING WITHOUT SUPERVISION OR ACCOMPANIMENT.

BUSINESS RATES

Any prospective purchasers should confirm rates liability with the Local Authority.

SERVICES

We understand all main services are available to the property.

UNCONDITIONAL AUCTION TERMS

This property is for sale under Traditional Auction terms. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

With this auction method, an immediate exchange of contracts takes place with completion of the purchase required to take place within 28 days from the date of exchange of contracts.

On exchange of contracts, the buyer is required to make a payment of a 10% deposit, sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the final agreed sale price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to the agreed purchase price and is considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £220.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

LEGAL COSTS

Each party to pay all own costs in respect of this transaction.

VAT

We understand VAT will not be charged on the sale of this property.

Map