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Mixed Use Development Opportunity, The Shambles, Wednesbury, Sandwell, WS10 7HD

Guide Price
£180,000
Cottons, Auctions
PROPERTY TYPE

Mixed Use

SIZE

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Description

Guide Price = £160,000 - £180,000

Property for auction on 22nd April at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT

The substantial three-storey mixed use property of cavity brick construction having been partly developed and has sat dormant for some time, requiring a range of works in order to complete the project and be available for occupation. The property will be of particular interest to investors who on completion of all works will create income streams from four separate units resulting in a valuable mixed use investment.
The Shambles is located off Marketplace within the heart of Wednesbury Town Centre which contains a wide range of retail amenities and services and the property is situated adjacent to a public car park which services the local shops and amenities.

Planning:
Planning consent was granted by Sandwell MBC on 7th June 2009 (Ref: DC/17/61163) for development of a former public toilets to provide two retail units at ground floor and two upper apartments at first and second floors. It is understood that the planning consent has been activated due to commencement of the development and all interested parties should satisfy themselves, prior to bidding, in respect of the current planning status along with building regulation compliance.

Proposed Accommodation
The plans approved with the consent, detailed, the following accommodation:
Ground Floor:
Retail Unit 1: 31 sq m (333 sq ft)
Retail Unit 2: 26.5 sq m (285 sq ft)
Entrance Hallway with bin store and cycle store with stairs leading to:
First Floor: Stairs and Landing
Flat 1: Hallway, Open plan Living Room/Dining Room/Kitchen, Two Bedrooms, Bath/Shower Room.
Second Floor: Stairs and Landing
Flat 2: Hallway, Open plan Living Room/Dining Room/Kitchen, Two Bedrooms, Bath/Shower Room.

A copy of the planning consent is available for inspection on Sandwell MBC website quoting Ref: DC/17/61163

Legal Documents: Available at

Viewings: Refer to Viewing Schedule Online

Brochures

General ConditionsViewing TimesImportant NoticesCommon Auction ConditionsBuyers Guide to AuctionLegal Documents

Mixed Use Development Opportunity, The Shambles, Wednesbury, Sandwell, WS10 7HD

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wednesbury Great Western Street Tram Stop0.3 miles
  • Wednesbury Parkway Tram Stop0.5 miles
  • Bescot Stadium Station1.4 miles
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About Cottons, Auctions

Cavendish House, 359-361 Hagley Road, Edgbaston, Birmingham, B17 8DL

Cottons Chartered Surveyors - 'The Property Specialists'

One of Birmingham's longest standing property companies in existence for well in excess of 55 years and well established at providing a range of services including;

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Notes

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Disclaimer - Property reference 338854. 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 Cottons, Auctions. 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.

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 Cottons, Auctions on 0121 387 6518.

*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.”

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