A fantastic opportunity to purchase this large Freehold unit with planning permission for a ground floor commercial unit around 3000 sq ft, plus 6 further apartments with parking to the rear. Situated in a prime Halesowen Town location, this is perfect for investors. For full information, further details and plans are available on Dudley MBC planning, application number P15/1989. Current owners have started the project, but the development is still at early stages, so changes for other uses may be possible subject to usual planning consents
- Freehold Unit with Planning Permission
- Being sold via Modern Method of Auction
- Halesowen Town Centre Location
- Planning Reference P15/1989
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, granting 56 days for completion and with an aim to exchange contracts 28 days from the date the buyer's solicitor is in receipt of the draft contracts. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down an non-refundable reservation fee of 4.2% to a minimum of £6000 including VAT which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
The buyer will be required to sign an 'Acknowledgement of Reservation' form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.
Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Connells Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.
Convenient central Halesowen Town location with parking to the rear.
Dudley MBC - P15/1989
Contact Connells on 0121 550 6465 to arrange a viewing. Please be advised this site is under construction, therefore, anyone wishing to view enters at their own risk and is advised to bring suitable clothing and foot wear and torches to the viewing.