Industrial/Warehouse
Unit C & J, Worcester, WR2 4AY
- 10
Guide Price: *
£230,000
Fees apply
Buyer's fee:£3,960
Admin fee:£240
All fees include VAT at 20%
Holding Deposit: *£1,040
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£314,000Bid history
33 bidsSThis is an automatic bid as the bidder has set a maximum bid for this lot
17/10/2024 11:09:04 - £314,000
J
17/10/2024 11:08:39 - £312,000
SThis is an automatic bid as the bidder has set a maximum bid for this lot
17/10/2024 11:07:37 - £310,000
See all 33 bids ▾
** For sale by online auction (subject to sale prior, reserve and conditions) **
Location
The property is situated on Weir Lane off Bromwich Road close to the roundabout at Lower Wick, to the south of St Johns. Weir Lane is an established commercial location, with the property being located opposite Travis Perkins Builder’s Merchant. Easy access is enjoyed to the southern link road which leads to the M5 Motorway Junction 7, which is approximately 3.7 miles distant. The city centre lies to the north and is approximately 1.9 miles distant.
Description
The main warehouse is of steel portal frame construction with brick elevations and pitched roof with additional single storey offices to the front elevation with flat roof. Internally the warehouse comprises concertina sliding door to the front elevation 3.2m (w) x 4.15m (h), concrete floor, maximum working height of 4.14m, LED lights, WCs and kitchenette.
The offices benefit from double glazing, LED lights and gas central heating.
Externally there is a small loading apron and off-road parking for approximately 2 cars.
Accommodation
The accommodation has been measured on a Gross Internal Area basis, the approximate area comprises 3,689 Sq Ft / 342.71 Sq M.
Tenure
Freehold with vacant possession.
Title Number
WR41781
EPC
EPC Rating of D
Business Rates
Rateable Value: £17,250
Important Notices
This property is available for sale by online auction. Interested buyers will need to register in advance and complete an ID verification before being able to place a bid. Buyers should allow sufficient time to complete this process before the time period expires. Full details can be found on Fisher German’s online auction page. www.fishergerman.co.uk/current-auctions.
Legal Pack
A legal pack will be available on Fisher German’s online auction page and interested parties will need to register before accessing the legal documents.
Conditions of Sale
The property will, unless previously withdrawn, be sold subject to common auction conditions and special conditions of each sale may be found in the legal documents section of the Fisher German online auction page. Each purchaser shall be deemed to have notice of each condition and all the terms thereof and to bid on those terms whether they shall have inspected the said conditions or not.
Completion
Completion will take place 20 working days after exchange of contracts, unless otherwise varied and specified in the legal pack.
Buyers Fee
The purchase of this property is subject to a combined Admin fee and Buyers Premium of £5,000 including VAT as stated on the auction listing. This also includes the cost for searches of £800.
Deposit
The balance of the 10% deposit shall be transferred by the buyer to their solicitor for onward transmission by 12 noon the following working day to the seller’s lawyer. It is therefore essential that you instruct your solicitor ahead of the auction.
Services
We understand that the unit has water, gas and three phase electricity. These services have not been tested and any enquiring party is encouraged to make their own enquiries in this regard.
Legal Costs
Each party to bear their own legal costs in respect of this transaction excluding the cost for searches of £800 which the purchaser will be liable for as detailed above under Buyers
Fee.
Anti Money Laundering
The successful purchaser will be required to submit information to comply with Anti Money Laundering Regulations.
VAT
VAT is not chargeable in respect of this transaction.
Agents Notes
This property is 25% owned by a Partner of Fisher German LLP. Details are available on request.
The winning buyer must pay £5,000 automatically at the end of the auction of which:
£3,300 + Vat (£3,960) is the buyer fee
£1,040 is the deposit contribution
Summary
- Auction end
- 17th Oct at 11:14
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- -
- Bathrooms
- -
- Council tax band
- N/A
Summary
- Auction end
- 17th Oct at 11:14
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- -
- Bathrooms
- -
- Council tax band
- N/A
This property is being sold by:
Worcester
01905 726220
Global House, Hindlip Lane, Worcester, WR3 8SB
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Fisher German Online Auction shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Fisher German Online Auction. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.