Banks Street, Willenhall

SUMMARY
A substantial former 18- bedroom care home situated within an established residential area, offering excellent potential for redevelopment or conversion (STPP). Suitable for a range of alternative uses including HMO, apartments or office accommodation. FOR SALE BY MODERN METHOD OF AUCTION.


DESCRIPTION
An exciting opportunity to acquire a substantial detached former care home occupying a well-established residential location. Offering extensive accommodation across 18 bedrooms together with generous communal areas an ancillary space, the property presents excellent scope for redevelopment or conversion (STPP).

The property's size and versatile layout makes it suitable for a wide range of alternative uses, including conversion into apartments, a HMO, hotel or guest accommodation, office space, Supported living, Nursery, Childrens Home or a substantial residential dwelling, all subject to relevant consents.

Situated in a well establish residential area, the property enjoys convenient access to local amenities, schools and transport links, making it an attractive proposition for developers, investors and owner-occupiers seeking a large property with significant potential. With this substantial plot there is also space to park several cars

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Agents Note  
There is a restriction on the title, that applies to the purchase transaction. Please enquire with the
branch.



1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.