Property photos
Freehold
£135,000
(£54.46/sq. ft)
Light industrial for sale
Webb Street, Bilston, Wolverhampton WV142,479 sq. ft
Local area information
Property location
Nearby amenities
- Rosewood School (SEN) 0.2 miles
- Christ Church CofE Primary School 0.2 miles
- Coseley 0.2 miles
- Tipton 1.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Detached Industrial Unit: Gia 2479 Sq ft (230.34 Sq m)
- Land Area: 0.16 Acres
- Suit a variety of uses
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.
Accommodation
Detached Industrial Unit: Gia 2479 Sq ft (230.34 Sq m)
Land: 0.16 Acres
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:
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.
Services
All mains services are available subject to any reconnection which may be necessary.
Planning
Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.
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.
Tenure - Freehold
Freehold with vacant possession.
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.
Epc
We understand a Energy Performance Certificate number and rating is not required due to the condition of the building.
Vat
VAT is to be confirmed.
Please enquire with the agent if vat is applicable or not on this premises.
Proof Of Identity
To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee.
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.
Legal Costs - Sale
Each party is responsible for their own legal costs in respect of the sale of this premises.
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 . Opening hours are 9.00-5.30pm, Monday to Friday.
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.
Accommodation
Detached Industrial Unit: Gia 2479 Sq ft (230.34 Sq m)
Land: 0.16 Acres
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:
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.
Services
All mains services are available subject to any reconnection which may be necessary.
Planning
Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.
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.
Tenure - Freehold
Freehold with vacant possession.
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.
Epc
We understand a Energy Performance Certificate number and rating is not required due to the condition of the building.
Vat
VAT is to be confirmed.
Please enquire with the agent if vat is applicable or not on this premises.
Proof Of Identity
To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee.
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.
Legal Costs - Sale
Each party is responsible for their own legal costs in respect of the sale of this premises.
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 . Opening hours are 9.00-5.30pm, Monday to Friday.
Floor plans and tours
Floor plans (1)
More information
Listed by
Butters John Bee - Commercial
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