Commercial Property for saleStraight Road, Willenhall, WV12 5AE
Guide Price* £1,450,000
- A Freehold Fully Let Industrial Estate Investment Current Rental Income: £146,398 pa
- We understand that the property is Freehold subject to the tenancies highlighted below.
For Sale By Auction on 8th December 2016
A Freehold Fully Let Industrial Estate Investment
Current Rental Income: £146,398 pa
We understand that the property is Freehold subject to the tenancies highlighted below.
The property comprises a well established fully let industrial estate comprising nine units and a large surfaced and gated yard, with good car parking and circulation.
The property occupies a prominent position fronting the main A462 Straight Road opposite its junction with Stourmore Close and is situated within a well established mixed commercial and residential environment.
Arrow Industrial Estate benefits from excellent access to the midland and national motorway network via the A454 Black Country route and junction 10 of the M6 motorway which lies approximately 2 miles distant.
Value Added Tax
We understand that VAT will be chargeable upon this transaction.
Strictly by arrangement with the Auctioneers.
* Definition of Guide Prices
The guide price is an indication of the seller’s reserve price and is given to assist prospective purchasers. It is usual, but not always the case, that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing. The guide price can be adjusted by the seller at any time up to the day of the auction in light of the interest shown during the marketing period. The guide price can be shown in the form of a minimum and maximum price range within which an acceptable price (reserve) would fall. Please note the reserve price will not exceed the top end of the guide price but the actual sale price can exceed the guide price. On occasions the sale price does exceed the guide price significantly.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Auctions Bigwood, Birmingham on 0121 233 5046.
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