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Lot - 52 & 52A Ward Street, Ettingshall, Wolverhampton, WV2 2NT Auction Lot £40,000+ - Auction Estates

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Nottingham Racecourse


27 February 2020

52 & 52A Ward Street, Wolverhampton, WV2 2NT

Guide Price: £40,000+


Sold
£50,000

Key Features

  • Freehold vacant commercial unit & self contained flat above
  • Potential rental income approx £12,000 per annum
  • Six week completion available
Draft Details Only

Freehold vacant mixed use building for refurbishment with potential income of £12,000 per annum (£6,000 per unit)

• Mid-terrace two storey brick built building
• GF: commercial unit approx. 550 sq ft (source: VOA)
• No 52 EPC: D
• FF: self contained one bed flat
• No 52A EPC: F
• Potential to convert the commercial unit to residential
• Within a council encouraged development area
• Garden area to rear
• Located next to and opposite new housing estates
• Within a parade of commercial units
• Potential to sell each unit individually
• Ideal opportunity for developers, investors & owner occupiers
• A short distance from Wolverhampton City Centre
• Good road connections to Dudley, Bilston & Willenhall
• Red line for illustration purposes only
• Six week completion available

VAT

Interested parties should refer to the Special Conditions of Sale for confirmation of whether VAT is applicable to the sale price.

Viewings

Final viewing date: Tuesday 10th December at 9.45am

Important Notices

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold with full vacant possession

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