Commercial Property for sale

High Street, STOURBRIDGE

Guide Price* £135,000

Property Description

Key features

  • PRIME, FREEHOLD RETAIL UNIT IN CENTRAL STOURBRIDGE LOCATION
  • Situated in a busy High Street position
  • lock up retail unit offers 850 sq/ft (79sq/m) of accommodation
  • Retail Zone A, several offices / storage areas and amenity space arranged over three floors
  • FOR SALE BY THE MODERN METHOD OF AUCTION
  • STARTING BID PRICE 135,000 PLUS VAT

Full description

FOR SALE BY THE MODERN METHOD OF AUCTION - STARTING BID PRICE £135,000 PLUS VAT ... PRIME, FREEHOLD RETAIL UNIT IN CENTRAL STOURBRIDGE LOCATION ... Situated in a busy High Street position this three storey lock up retail unit offers 850 sq/ft (79sq/m) of accommodation comprising Retail Zone A, several offices / storage areas and amenity space arranged over three floors. VACANT POSSESSION ON COMPLETION / NEW LEASE AVAILABLE (SUBJECT TO TERMS) . All enquiries to Matt Billingham on 01384 444004. This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% to a minimum of £5,000.00 + VAT (£1,000.00 = £6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by West Midlands Property Auction powered by iam-sold Ltd. (Reservation Fee is in addition to the final negotiated selling price.)


GROUND FLOOR 

Retail Area 
24' 4'' x 14' 2'' (7.41m x 4.31m)

Kitchen  
8' 2'' x 6' 2'' (2.5m x 1.88m)

Hall 

Cellar 
18' 8'' MAX x 10' 10'' MAX (5.7m x 3.3m)

FIRST FLOOR 

WC 

Storage 

SECOND FLOOR 

Office  
15' 6'' x 12' 6'' (4.73m x 3.81m)

THIRD FLOOR 

Office 
14' 5'' x 11' 7'' (4.39m x 3.53m)

VAT 
The purchase price IS subject to VAT at the prevailing rate.

BUSINESS RATES 
The ratable value is £9,600 per annum. Rates payable £4732.80. Small business Rates Relief (SBRR) may be available subject to status.

TENURE 
We are advised by the seller that the property is FREEHOLD.

More information from this agent

Nearest stations

  • Stourbridge Town (0.2 mi)
  • Stourbridge Junction (0.8 mi)
  • Lye (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Billingham & Co, Stourbridge

4 Hagley Road, Stourbridge, DY8 1PS

01384 737036 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Billingham & Co, Stourbridge

4 Hagley Road, Stourbridge, DY8 1PS

01384 737036 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Stourbridge Town (0.2 mi)
  • Stourbridge Junction (0.8 mi)
  • Lye (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Billingham & Co, Stourbridge

4 Hagley Road, Stourbridge, DY8 1PS

01384 737036 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 9199004. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Billingham & Co, Stourbridge. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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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 Billingham & Co, Stourbridge on 01384 444004.


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