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Land For Sale £175,000
Warstones Drive, Penn, Wolverhampton WV4


Description
For Sale By Public Auction on 21 Julystarting at 08:30 am - Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only. You must pre-register to bid no later than 12 Noon on Tuesday 20th July.

A Freehold retail and residential development site with planning permission for two retail units and two self-contained flats with associated car parking

The opportunity comprises a predominantly rectangular shaped parcel of land currently utilised for car parking, but with the benefit of planning permission for the development of two retail units and two self-contained apartments with associated car parking. The proposed development will mirror the existing adjacent parade of shops on Warstones Drive in terms of design, scale and massing.
Each proposed retail unit will comprise of a retail shop area, WC facilities, Kitchen and rear storage.
Each proposed apartment will comprise an entrance hall, open plan kitchen/dining and lounge area with showerer rom, storage and two bedrooms . There will be allocated parking to the rear of the development.

Tenure
Freehold Vacant possession upon completion.Location
The site is located within Warstones Drive District and Local centre. The local centre comprises of various uses like restaurant, Nursey, pre-school, Library and health care centre with many other retail properties including super market and parade of shops.

Planning
Under application number 20/00675/ful, full planning permission has been granted for the erection of two retail units with two self-contained flats at first floor, with associated car parking.

Please note that the completion period for this property is 12 weeks (84 days).
Please note offers may be considered prior to the Auction Sale.

Viewing Times
The site is open for inspection.

Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information or on the Bond Wolfe's website.

Remote Bidding Auction
Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only. You must pre-register to bid for each auction within 24 hours of the auction commencing.

*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,440 inc VAT (£1,200.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.

Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.

Follow the link for more information:
        
zoopla.co.uk

  
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