Two Storey Commercial Building

NO VIEWINGS AVAILABLE & SOLD WITH NO POSSESSION Auction House North West have not inspected the property, however we have been advised that the property is a two-storey building which was originally opened as a cinema in 1937 which was then later a Mecca Bingo Hall before becoming a banqueting suite. It has three events rooms which can accommodate up to 750 people and was registered to host civil weddings, conferences, parties and resident DJ nights before the licence was revoked. Since then, we believe that the building is now un-occupied and vacant. Ground floor & basement: 1,060 m2 First floor: 256.22 m2 Information taken from the VOA For more information relating to the property, please refer to the legal pack. Tenure: Leasehold Title number: SF82946 Length of Lease/Term: 99 years from 11 February 1936 Ground Rent: Please refer to the legal pack Service Charge: Please refer to the legal pack Council Tax Band: Business Rates Local Authority: Wolverhampton Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Leasehold.

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Wolverhampton City Council

Solicitors

Equivo, Ref: Equivo

Offered in association with

Spicerhaart

Additional Fees

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.