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Commercial Property, Dudley, DY1 4QF

Castle Hill, Dudley DY1 4QF, UK

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Time Left

2018-12-19 16:38:00

(Unless Sold Prior)

  • To do so, please contact the auction team and put forward your absolute best bid. As you are asking the seller to close the auction early your offer should be very strong, at the top end or above the guide price. If all terms are agreed, the purchase will adhere to auction rules and terms of the sale.

Current Bid

£ 305,000

(Fees Apply)

This property is sold subject to a non-refundable reservation fee of 3.5% + VAT with a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.

1 Bids

(Reserve met)
  • Current Bid

    £ 305,000

    356 days ago
  • Starting Bid

    £ 300,000

    Starting Bid

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  • Freehold
  • 1 Bedrooms
  • 1 Reception Room
  • 10 Bathrooms
  • Development Opportunity (STP)
  • Possible HMO
  • Investment Property
Royal Estates
0121 429 2030

464 Bearwood Road, Birmingham, B66 4HA

Reservation Fee Calculator

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Please be advised that a buyer information pack fee is also applicable. Check Terms Of Sale & Legal Pack information or Please speak to our auction team for more information.

  • Freehold
  • 1 Bedrooms
  • 1 Reception Room
  • 10 Bathrooms
  • Development Opportunity (STP)
  • Possible HMO
  • Investment Property
Royal Estates
0121 429 2030

464 Bearwood Road, Birmingham, B66 4HA

Reservation Fee Calculator

- - -
- - -

Please be advised that a buyer information pack fee is also applicable. Check Terms Of Sale & Legal Pack information or Please speak to our auction team for more information.

SOLD PRIOR

JB's, Castle Hill, Dudley, DY1 4QF

GUIDE PRICE £300,000 - £330,000 plus Reservation Fee.

 

Property Overview

Rare opportunity to acquire a 14,208 sq ft commercial premises. The property has previously been used as a Banqueting Suite and has been trading for over 15 Years. Being sold with vacant possession.

There is a potential for a change of use or development opportunity subject to planning consent. VIEWINGS ADVISED.

 

JB's Dudley, also known simply as JB's, has been a nightclub and live music venue located on Castle Hill near the centre of Dudley, West Midlands. Originally opened on a different site in 1969, it claimed to be the longest-running live music venue in the United Kingdom, and hosted early performances by acts such as Dire Straits and U2.

Dudley is a large town in the county of West Midlands, England, 6 miles (9.7 km) south-east of Wolverhampton and 10.5 miles (16.9 km) north-west of Birmingham. The town is the administrative centre of the Metropolitan Borough of Dudley and in 2011 had a population of 79,379. The Metropolitan Borough, which includes the towns of Stourbridge and Halesowen, had a population of 312,900. Dudley is sometimes called the capital of the Black Country.

Originally a market town, Dudley was one of the birthplaces of the Industrial Revolution and grew into an industrial centre in the 19th century with its iron, coal, and limestone industries before their decline and the relocation of its commercial centre to the nearby Merry Hill Shopping Centre in the 1980s. Tourist attractions include Dudley Zoo and castle, the 12th century priory ruins, and the Black Country Living Museum.

 

Starting Bid and Reserve Price

*The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price.

The Reserve Price will only be disclosed once it has been met during bidding and not before. Reserve prices are subject to change up to the date of the auction. Please note that Lots may be withdrawn prior to the end of auction

 

Conditional Online Auction Details

Every online bidder must first create an account at www.underthehammer.com/account/create/

Once you have registered, you will be able to search, download legal documents, arrange viewings and contact the Agents, Auctioneers and the solicitors if you have queries on the property. 

If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and have 28 days within which to exchange. If you fail to do so, you may lose your reservation fee. During the 28 day reservation period, the seller is not able to accept other offers.  The sale of each Lot is subject to a reservation fee (additional to the purchase price) of 3.5% + VAT (4.2% inc VAT) subject to a minimum £5,000 +VAT (£6,000 inc VAT). The reservation fee does not contribute towards the purchase price.  Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract which can be found in the legal pack.

 

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

No floor plan added.
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