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Industrial units for auction in West Midlands (region)

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Features
Warehouse Unit
Freehold
Two Storey office
Approximately 44,486 sq (4,133 sq m)
Two electric roller shutter doors
Courtyard space
Large site approx. 1.5 acres
Partly let producing £21,000 pax

Location
The property is located off Stourvale Road, Lye, the property is located in a predominantly industrial area which is located off the A458.
The immediate vicinity lends itself to industrial use due to its close proximity to the towns of Wolverhampton, West Bromwich and the city of Birmingham lies just 11 miles due east of the property. In addition, the motorway network is accessible via junction 2 of the M5.
Lye train station is located approximately 0.6 miles from the property.

Description
• For Sale By Online Auction: 19th – 20th September 2018
• Guide Price: £1,400,000 – £1,500,000 +
• Freehold warehouse unit with two story office
• Part let at £21,000 pax (6,233 sq. ft)
• Approximately 44,486 sq ft (4,133 sq m)

The main warehouse comprises of a steel portal framed construction with brick/blockwork and insulated metal profiled sheet external walls.
The main warehouse has two 5m by 5m electric powered roller shutter doors. The height of the underside of the haunch is approximately 5.2 meters and the height to apex is approximately 6.4 meters.
The office space is set over two stories. The ground floor office space is predominantly open planned and has two WCs and kitchen. Second floor office space is made up of modular offices. The office space is fully carpeted, with surface mounted wet radiators, Cat II lighting and air-conditioning.
Eight car parking spaces are located to the front of the property and there is a decent sized yard, providing further ample parking.

Accommodation
Warehouse – 35,130 sq ft (3,264 sq m)
Offices – 3,113 sq ft (289 sq m)
Investment property – 6,233 sq ft (579 sq m)
Total – 44,486 sq ft (4,133 sq m)
Site Area – approx. 1.5 Acres (0.6 Hectares)

Business Rates
• Warehouse and Premises £120,000.
• Pure Glow Limited £17,250.
Total rates payable of £67,664 based on the 2018 – 2019 standard multiplier of 49.3p.

Services
We understand the property has 3 phase electricity, gas, water and drainage. However, interested parties should carry out their own investigations.

Tenure
Freehold

Investment Analysis
The main warehouse and office accommodation is vacant.
The self-contained unit (6,233 sq. ft) is let to Pure Glow Limited by way of a lease expiring on 30th November 2018. The lease is held on a full repairing basis subject to a Schedule of Condition. The lease is excluded from the Security of Tenure provisions of the 1954 Landlord &Tenant Act. The rent passing is £21,000 pa. The tenant has advised they would like to remain in occupation, but vacant possession can be obtained on 30th November 2018, if required.
If the entire unit was let as one investment, it is likely a rent of £3.50 per sq. ft would be achieved, equating to approx. £155,000 per annum.

Guide Price
£1,400,000 – £1,500,000

Buyer’s Premium
2% inc VAT (minimum £3,600 inclusive of VAT)

Joint Agent
Sellers Chartered Surveyors
Stour Vale Road, Stourbridge, DY9 8PN
Large Freehold Warehouse Premises – 1.5 Acre Site – 44,486 sq ft (4,133 sq m)- Part Income Producing: £21,000 pax
Type: Warehouse, Office, Industrial, Offices
Location: Stour Vale Road, Stourbridge, DY9 8PN
Size: 44486 Sq Ft
Images: 12
Brochures: 1
View Property
New
** UNSOLD, PLEASE REFER TO AUCTIONEER **

Occupying a prime location, this mixed use investment opportunity offers a multitude of possibilities. Currently retail unit (previously rented at £550.00 per calendar month) trades as a convenience store/off licence (business not for sale). Whilst at first floor level is a recently refurbished flat currently offered with vacant possession (previously rented at £450.00 per calendar month). Whilst to the rear is a self contained suite of workshops with yard and Garage currently let on a rolling contract at £650.00 per calendar month. Potential Income is therefore in the region of £19,000.00 per annum. Thus giving a yield of approximately 11.5 % based upon Guide Price.

Purchasers will be left with various options and therefore viewing of this flexible opportunity is recommended.-

The property comprises:-

Tenure

See Legal Pack

Ground Floor Retail Shop

Retail Area: 51.5 sq m with additional store rooms.

Self Contained First Floor Flat

With gas central heating and double glazing. Lounge 4.68m x 4.62m, Recently Re-fitted Kitchen 3.64m x 3.27m, Bedroom One 4.28m x 4.25m, Bedroom Two 3.1m x 2.66m, Recently Re-fitted Bathroom with white suite 2.78m x 2.1m, Two Store Rooms and Utility Room.

Rear Commercial Workshops

Door leads to Entrance Hall with access to office 4.05m x 2.14m, Workshop One 5m x 5.5m, Workshop Two 7.51m x 9.19m. Main Workshop 15.23m x 6.8m, roller shutter door leads to semi enclosed yard with double gated access. Separate brick Garage 6.24m x 3.66m

Hoardings

There are two hoardings on the side of the building for which a rent is received of £265.00 per quarter.

Viewing

Viewing strictly by appointment through the Auctioneers on 0121 289 3838

Energy Efficiency Rating (EPC)

Current Rating E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Walsall Metropolitan Borough Council

Solicitors

Anthony Major, Woodhouse & Co, 25 Lichfield Streetq, Walsall, WS1 1TJ, Tel: 01922 612523

Additional Fees

Administration Charge - £795 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
45-47, High Street, Walsall, WS3 2BZ
Mixed Use Investment Opportunity
Type: Retail, Mixed use, Flat, Storage, Other, Office, Other Property Types & Opportunities, Residential, Industrial, Offices
Location: 45-47 High Street, WS3 2BZ
Images: 13
Brochures: 1
View Property
** UNSOLD, PLEASE REFER TO AUCTIONEER **

Freehold workshop with vacant possession (although current occupier will remain by agreement). Parking area/storage to side and front. Access road included.

LOCATION

Positioned on the right hand side of Croft Fields off Newtown Road.

ACCOMMODATION

Workshop: 56ft 1in x 16ft 6in

PLANNING

Currently used as a car repair workshop. For information regarding potential uses please contact Nuneaton and Bedworth Borough Council on:
Tel: 02476 376328
Email: planning@nuneatonandbedworth.gov.uk
Web: https://www.nuneatonandbedworth.gov.uk

EPC RATING: G

TENURE

Freehold with vacant possession.

ADDITIONAL COSTS

Administration Fee: £675 (£562.50 plus VAT)
Please see the legal pack for any further costs.

Additional Fees

Administration Charge - these fees are included in the above sales particulars.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
The Workshop, 2, Croft Fields, Bedworth, CV12 8QT
Freehold workshop with vacant possession. Parking area/storage to side and front. Access road included.
Type: Storage, General Retail, Other, Industrial, Retail, Other Property Types & Opportunities
Location: The Workshop, 2 Croft Fields, Bedworth, CV12 8QT
Images: 4
Brochures: 1
View Property
New
** UNSOLD, PLEASE REFER TO AUCTIONEER **

Investor opportunity - The freehold sale of 10 to 13 (inc) Southfield subject to the leasehold interest of 10 to 13 Southfield. Plus the freehold sale of garages 1 to 12 (inc) - Ten tenanted garages each paying £8.53 per week, one vacant garage, one garage forming part of the leasehold title.

Tenure

Freehold

Description

Freehold sale 10 - 13 (inc)
Leasehold interest 10 - 13 (inc)
Freehold sale garages 1 - 12 (inc)
10 Tenanted, one vacant, one part of
Leasehold title

The Seller

The seller is a registered social landlord and is therefore prohibited from selling a property to anyone who is an employee or director of the seller, or was in the last 12 months an employee or director, or is a close relative of such a person or a agent on their behalf.

Local Authority

Telford and Wrekin Borough Council

Solicitors

Penny Mincher, The Wrekin Housing Trust Limited, Colliers Way, Old Park, Telford, TF3 4AW, Tel: 01952 217057

Additional Fees

Administration Charge - £714 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Freehold Sale 10 to 13 Inc And Garages 1 to 12 Inc, Sutton Hill, Southfield, Telford, TF7 4HP
Residential Investments
Type: Flat, Storage, Other, Residential, Industrial, Other Property Types & Opportunities
Location: Freehold Sale 10 to 13 Inc And Garages 1 to 12 Inc, Sutton Hill Southfield, Telford, TF7 4HP
Images: 1
Brochures: 1
View Property
** UNSOLD, PLEASE REFER TO AUCTIONEER **

Tenure
Freehold

Location

The property is well situated situated to the rear of High Town in the heart of the main pedestrianised shopping area of Hereford city centre. Access to the property is via Maylord Street which is easily accessible from the A438. Transport links are provided by Hereford rail station.

Desciption
The property comprises a three storey Grade II listed detached building currently used for storage but could easily suit a small office or a variety of alternative uses (subject to obtaining any relevant consent). The property has been recently decorated and benefits from electricity and water.

Accommodation

Ground Floor
Room 17'4" x 8'7" (5.3m x 2.6m)

First Floor
Room/Office Space 17'6" x 9'0" (5.34m x 2.76m)

Second Floor
Roof Space

The property has not been inspected by Auction House London. All information has been supplied by the vendor.

Viewing Details

Open House Viewings By Appointment Only
Please email info@auctionhouselondon.co.uk to arrange an inspection.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Rear of 14-15, High Town, Hereford, HR1 2AA
A Three Storey Detached Building. Potential for a Variety of Uses (Subject to Obtaining all Relevant Consents)
Type: Office, Storage, Mixed Use, Offices, Industrial, Other Property Types & Opportunities
Location: Rear of 14-15 High Town, Hereford, HR1 2AA
Images: 2
Brochures: 1
View Property
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