* Leasehold
* We understand that the property is long leasehold for a term of 150 years with effect from March 1986 at a ground rent of £440 per annum.
For Sale By Public Auction on 26 October starting at 09: 00 am - Live - streamed
Auction
**A Long Leasehold Vacant Industrial Unit Extending To 11, 692 sq. Ft. (1085. 9
sq m)**
The property is of concrete frame construction and is surmounted by a pitched
slate roof. The building is a single storey warehouse premises with integral
office accommodation. The warehouse internally benefits from concrete
flooring, internal wall cladding, wired glass roof lights, a travelling crane,
WC facilities and two integral stores. The warehouse provides eaves height of
approximately 4. 2 metres.
**Location**
The property is located on the well - established and popular Middlemore
Industrial estate, off Middlemore Road which leads to the main A41 Birmingham
Road. The property is conveniently located with easy access to the national
motorway network at junction 1 of the M5 motorway, approximately 1/2 a mile
distant.
**Energy Performance Rating**
**G
**
**Tenure**
We understand that the property is long leasehold for a term of 150 years with
effect from March 1986 at a ground rent of £440 per annum.
**Value Added Tax**
We understand VAT will not be chargeable on this transaction.
**Annual Ground Rent**
£440. 00
**Service Charge**
We understand that an estate charge is to be levied to cover the cost of
services provided by the Freeholder.
**Auctioneer's Note**
Please note offers may be considered prior to the Auction Sale.
**Viewing Times**
Strictly by appointment with the Auctioneers.
**Live - streamed Auction**
Please note that the Auction will be livestreamed via our website. You can
take part remotely via Proxy, Telephone or Online, if you wish to bid you must
pre - register via our website no later than 3pm the day prior to the auction.
**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.
***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, 680 inc VAT
(£1, 400. 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.

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