* Freehold
* Freehold Vacant possession upon completion.
For Sale By Public Auction on 26 October starting at 09: 00 am - Live - streamed
Auction
**A Freehold development opportunity with planning permission for 64
apartments, extending to approximately 1 acre ( 0. 40 hectares) or thereabouts.
On behalf of the lpa receiver**
The property comprises a derelict former library and art gallery extending to
approximately 10, 122 sq. Ft. ( 940. 70 sq m) over two floors, sitting on a site
of 1 acre ( 0. 40 hectares) or thereabouts. The site is now considered suitable
for conversion and new build of residential dwellings, and a planning consent
was granted for a total 64 apartments. Other schemes maybe deemed suitable,
subject to obtaining the necessary consents.
**Location**
This former library and art gallery occupies prominent location on Mount
Pleasant In Bilston . The property is within easy access of the busy A41
Oxford Street Island which links to the main A463 Black Country Route leading
directly to Junction 10 of the M6 Motorway. There are a variety of national
and local retailers / businesses in the locality including Post office,
Iceland, Morrison's Superstore, multiple food providers, commercial &
residential estate agents, and hair & beauty specialists, along with many
other commercial entities, and a high volume of residential occupation in the
local vicinity. Bilston has a Shopping Centre and good bus/tram links nearby.
Bilston is a town within the Borough of Wolverhampton, bordering both Sandwell
and Walsall. It is approximately 4 miles from Wolverhampton Town Centre and 10
miles Northwest of Birmingham City.
**Tenure**
Freehold Vacant possession upon completion.
**Site Area**
We understand that the site extends to approximately 1 acre (0. 40 hectares) or
thereabouts.
**Planning**
Planning Consent Planning permission was granted for the proposed demolition
of outbuildings, conversion of college building to 20 apartments and the
construction of 44 new build apartments under the Application No. 08/00341/ful
received on the 7thMarch 2008 and granted on 23rd September 2009. An extension
of time for the implementation of Planning Permission 08/00341/ful was
received on the 17thSeptember 2012 under the Application No. 12/01119/ext and
granted on the 22ndOctober 2013.
**Services**
Mains services are understood to be available in the vicinity of the site, but
prospective buyers should make their own independent enquiries as to the
suitability of services for their requirements.
**Ground Conditions & Contamination**
Prospective buyers must undertake their own investigations regarding ground
conditions and contamination and fully satisfy themselves as to the
suitability of the site for any use they may propose.
**Plans/Aerial Photographs**
Any plans provided with these particulars are for identification purposes only
and their accuracy is not guaranteed.
**Auctioneer's Note**
Please note offers may be considered prior to the Auction Sale.
**Viewing Times**
External viewings only.
**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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