Property photos
Just added
Auction
Freehold
Guide price
£650,000
Retail premises for sale
27-27A Dudley Street, Wolverhampton WV1Local area information
Property location
Nearby amenities
- Wolverhampton 0.4 miles
- Broadmeadow Special School 0.5 miles
- Nishkam Primary School Wolverhampton 0.6 miles
- Coseley 3.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Wolverhampton to find out more about the local area.
Features and description
- Freehold
- Freehold Subject to the existing tenancies.
For Sale By Public Auction on 23 October starting at 08:30 am - A prime freehold retail investment comprising two shops within the heart of Wolverhampton City Centre, let to Timpson and Ladbrokes
Current rental income: £70,300 pa.
A pair of prime retail units with upper floors.
27 Dudley Street - Occupied by Ladbrokes, comprises a modern betting shop, with service counter and rear kitchen area on the ground floor. On the first floor there is a staff room, male and female WCs, on the second floor there are two further rooms, whilst on the third floor there are three rooms, WC with wash hand basin. There is a stairway access to attic storage and a cellar.
27a Dudley Street - Occupied by Timpson, comprises a modern retail unit with service counter and having cellar storage. On the first floor there is an office, jewellery repair workshop, watch repair workshop, kitchen, male and female WCs. On the second floor there is a store, staff room and WC.
Location
The properties occupy a prime position within the main pedestrainised retail pitch, situated between the entrances to the Mander and Wulfrun Shopping Centres and opposite Primark.
Multiple national operators are within the immediate vicinity, including Clarks, Boots, Vodafone, O2, B&M Bargains, The Lupo Lounge, McDonald's, Metro Bank and a mix of local independents.
The City of Wolverhampton is centrally located within the West Midlands conurbation, lying approximately 17 miles north west of Birmingham City Centre and benefits from excellent access to the national motorway network via junction 10 of the nearby M6 motorway.
Energy Performance Rating
D.
Tenure
Freehold Subject to the existing tenancies.
Value Added Tax
We understand VAT is applicable. It is anticipated that the transaction will be dealt with by way of a togc, full details will be available within the legal pack.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewing Times
Strictly by appointment with the Auctioneers. Please complete the request a viewing' form or contact the office.
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 include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*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 £2,340 inc VAT (£1,950.00 + 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.
Current rental income: £70,300 pa.
A pair of prime retail units with upper floors.
27 Dudley Street - Occupied by Ladbrokes, comprises a modern betting shop, with service counter and rear kitchen area on the ground floor. On the first floor there is a staff room, male and female WCs, on the second floor there are two further rooms, whilst on the third floor there are three rooms, WC with wash hand basin. There is a stairway access to attic storage and a cellar.
27a Dudley Street - Occupied by Timpson, comprises a modern retail unit with service counter and having cellar storage. On the first floor there is an office, jewellery repair workshop, watch repair workshop, kitchen, male and female WCs. On the second floor there is a store, staff room and WC.
Location
The properties occupy a prime position within the main pedestrainised retail pitch, situated between the entrances to the Mander and Wulfrun Shopping Centres and opposite Primark.
Multiple national operators are within the immediate vicinity, including Clarks, Boots, Vodafone, O2, B&M Bargains, The Lupo Lounge, McDonald's, Metro Bank and a mix of local independents.
The City of Wolverhampton is centrally located within the West Midlands conurbation, lying approximately 17 miles north west of Birmingham City Centre and benefits from excellent access to the national motorway network via junction 10 of the nearby M6 motorway.
Energy Performance Rating
D.
Tenure
Freehold Subject to the existing tenancies.
Value Added Tax
We understand VAT is applicable. It is anticipated that the transaction will be dealt with by way of a togc, full details will be available within the legal pack.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewing Times
Strictly by appointment with the Auctioneers. Please complete the request a viewing' form or contact the office.
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 include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*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 £2,340 inc VAT (£1,950.00 + 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.
More information
Listed by
Bond Wolfe Auctions
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Property descriptions and related information displayed on this page are marketing materials provided by - Bond Wolfe Auctions. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Bond Wolfe Auctions for full details and further information.