Detached industrial unit with yard sitting within a site area of 0.16 acres. The property requires substantial renovation work or may suit demolition and rebuild. This rare opportunity is situated within a mixed commercial and residential area offering scope for a variety of uses.

Location:

Webb Street has a mix of houses, industrial buildings and yards. It is located in the village of Coseley which is approximately 3 miles from Dudley, 3.5 miles from Wednesbury and 4.5 miles from Wolverhampton.

Coal Mining:

We have been informed that the property lies close to a former coal working area and mine shaft. This has been verified using Mining Remediation Authority website which can be found here:
https://datamine-cauk.hub.arcgis.com/

We would recommend that all interested parties seek further advice before submitting an offer or proceeding with a purchase to ensure that they are satisfied given their intended use for the property/land.

Rating:

***Zero Business Rates Eligible ***

The VOA website advises the rateable value for 2023 to present is £10,500. The standard non-domestic business rates multiplier is 55.5p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for up to 100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.

Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.

Overage Clause:

This property is subject to an overage clause amounting to 30% of the enhancement in value upon approval of planning for alternative uses or development of any kind. More specifically any alternative use means any use other than its current use as a single industrial building. Once permission/approval is obtained an independent valuation will need to be obtained (50/50 cost) and should that valuation show an increase in value then the new owner will pay 30% of the enhancement i.e. value reported minus sale price.

Credit Check:

On agreed terms the ingoing tenant will be required to pay a fee of £85 to buttersjohnbee for the application and collation of references and credit data from a third party. The application process will, under normal circumstances take between two and five working days. The applicant will be required to complete a simple online form for submission to our credit reference agency. Application fee will be payable in advance and will not be refundable.

Viewing:

Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ
Telephone 01782 212201. Opening hours are 9.00-5.30pm, Monday to Friday.

Butters John Bee Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering purchasing your property in order to rent, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.

Butters John Bee Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.