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Lot 13Sold: £276,000

185/186 High Street, Dudley,West Midlands DY1 1QE

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Lot 13 details

(under £15 per sq ft freehold)
IN SAME GROUP OWNERSHIP FOR APPROX. 30 YEARS
6 Week completion

SITUATION

Occupying a prominent trading position adjacent to Argos, opposite a Premier Convenience Store and amongst other such multiples as the Salvation Army, Lloyds Bank and a Post Office, being just a short walk of the Trident Shopping Centre and further multiples that can be found along the pedestrianised High Street.
Dudley is a busy market town situated approximately 6 miles south-east of Wolverhampton and 9 miles north-west of Birmingham with easy access to the M5 (Junction 2).

PROPERTY

A substantial deep terraced building comprising a Former Department Store planned on Ground, Basement and two Upper Floors. In addition, there is vehicular access to the rear for unloading.

ACCOMMODATION1

Ground Floor Shop
Gross Frontage 43'8"
Internal Width 41'8"
Built Depth 125'0"
Sales Area Approx. 1,325 sq ft
Raised Ground Floor Sales Area Approx. 2,968 sq ft
Raised First Floor Sales Area Approx. 2,865 sq ft
First Floor Storage Area Approx. 1,140 sq ft
Second Floor Storage Area Approx. 1,220 sq ft
Basement Area Approx. 2,900 sq ft

Total Area Approx. 12,418 sq ft

1Areas provided by Vendor.

VAT is NOT applicable to this Lot

FREEHOLD offered with VACANT POSSESSION

Note 1: The property has been removed from the Rating List, therefore no Business Rates are currently payable.

Note 2: Plans and drawings have been produced highlighting the possibility of a conversion comprising of retail, residential (6 units) and office space as well as a potential conversion to student accommodation (30 units), subject to obtaining the necessary consents - Plans and drawings available from the Auctioneers.

Enquire about this lot:

Photo of JOHN BARNETT

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of NICHOLAS LEIGH

Nicholas Leigh
020 8492 9449
nleigh@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £750 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.