Guide price
£250,000
Retail premises for sale17-21 Dudley Street, Sedgley, Dudley DY3
Just added
Auction
Leasehold
About this property
Leasehold for a term of 99 years with effect from the 24th March 1976 having approximately 50 years unexpired, at a rent of £14,600 per annum. The retail unit 17 Dudley Street is let by way...
For Sale By Public Auction on 10 December starting at 08:30 am - A predominantly vacant long leasehold former market hall with offices above and a single retail unit, having a prominent town centre location extending to approximately 10,750 sq.ft. (998.8 sq.m.) benefitting from rear car parking.
The property comprises a part two storey mid terraced retail building fronting Dudley Street. The building comprises a large covered indoor market, a single retail unit and self-contained offices at first floor level.
The front portion of the building is of brick construction beneath a pitch tiled roof. The rear market hall is of steel frame construction, with part rendered and painted elevations beneath a pitched roof. To the rear of the building there is a gated car park for approximately 16 cars.
The single retail unit at 17 Dudley Street comprises a small retail area with store room and WC to the rear.
The first floor offices comprises of four open-plan suites which may be suitable for conversion to residential uses subject to any appropriate planning consents.
Accommodation
Ground Floor Market Hall: 8,161 sq.ft. (758.2 sq.m.)
Ground Floor Retail Unit - 17 Dudley Street: 930 sq.ft. (86.4 sq.m.)
First Floor
Office 1: 404 sq.ft. (37.5 sq.m.)
Office 2: 401 sq.ft. (37.3 sq.m.)
Office 3: 442 sq.ft. (41.1 sq.m.)
Office 4: 412 sq.ft. (38.3 sq.m.)
Total (approx.): 10,750 sq.ft. (998.9 sq.m.)
We have not undertaken a measured survey of the premises and all interested parties should seek their own verification in respect of floor areas and dimensions and the suitability of the property for their proposed future use.
Location
The property occupies a prominent position fronting Dudley Street within the heart of Sedgley town centre it is towards the south end of the main shopping street which is the busiest part of the local parade. Within the vicinity there is a mix of retail, offices and commercial uses.
Sedgley lies approximately 3 miles south of Wolverhampton and 12 miles north west of Birmingham.
The property benefits from easy access to the midland motorway network whilst Coseley Railway Station is situated approximately 2 miles to the east of the property.
The property is considered suitable for a continuation of its former use as an indoor market, or a large retail warehouse/showroom, or other alternative uses subject to the necessary planning consents.
Energy Performance Rating
See legal pack.
Tenure
Leasehold for a term of 99 years with effect from the 24th March 1976 having approximately 50 years unexpired, at a rent of £14,600 per annum.
The retail unit 17 Dudley Street is let by way of a license for a term of 5 years at a current license fee of £15,000 per annum.
Office suite 1 is let by way of a license for 12 months with effect from 25/10/2025 at a license fee of £1,500 per annum and service charge of £330.12 per annum.
Office suite 4 is let by way of a license for 12 months expiring 31.05.2026 at a license fee of £1,500 per annum and service charge of £330.12 per annum.
Full documentation relating to tenure and a copy of the leases will be available for inspection within the legal pack.
Site Area
0.40 aces (0.164 hectares).
Value Added Tax
We understand VAT is not applicable on this transaction.
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.
The property comprises a part two storey mid terraced retail building fronting Dudley Street. The building comprises a large covered indoor market, a single retail unit and self-contained offices at first floor level.
The front portion of the building is of brick construction beneath a pitch tiled roof. The rear market hall is of steel frame construction, with part rendered and painted elevations beneath a pitched roof. To the rear of the building there is a gated car park for approximately 16 cars.
The single retail unit at 17 Dudley Street comprises a small retail area with store room and WC to the rear.
The first floor offices comprises of four open-plan suites which may be suitable for conversion to residential uses subject to any appropriate planning consents.
Accommodation
Ground Floor Market Hall: 8,161 sq.ft. (758.2 sq.m.)
Ground Floor Retail Unit - 17 Dudley Street: 930 sq.ft. (86.4 sq.m.)
First Floor
Office 1: 404 sq.ft. (37.5 sq.m.)
Office 2: 401 sq.ft. (37.3 sq.m.)
Office 3: 442 sq.ft. (41.1 sq.m.)
Office 4: 412 sq.ft. (38.3 sq.m.)
Total (approx.): 10,750 sq.ft. (998.9 sq.m.)
We have not undertaken a measured survey of the premises and all interested parties should seek their own verification in respect of floor areas and dimensions and the suitability of the property for their proposed future use.
Location
The property occupies a prominent position fronting Dudley Street within the heart of Sedgley town centre it is towards the south end of the main shopping street which is the busiest part of the local parade. Within the vicinity there is a mix of retail, offices and commercial uses.
Sedgley lies approximately 3 miles south of Wolverhampton and 12 miles north west of Birmingham.
The property benefits from easy access to the midland motorway network whilst Coseley Railway Station is situated approximately 2 miles to the east of the property.
The property is considered suitable for a continuation of its former use as an indoor market, or a large retail warehouse/showroom, or other alternative uses subject to the necessary planning consents.
Energy Performance Rating
See legal pack.
Tenure
Leasehold for a term of 99 years with effect from the 24th March 1976 having approximately 50 years unexpired, at a rent of £14,600 per annum.
The retail unit 17 Dudley Street is let by way of a license for a term of 5 years at a current license fee of £15,000 per annum.
Office suite 1 is let by way of a license for 12 months with effect from 25/10/2025 at a license fee of £1,500 per annum and service charge of £330.12 per annum.
Office suite 4 is let by way of a license for 12 months expiring 31.05.2026 at a license fee of £1,500 per annum and service charge of £330.12 per annum.
Full documentation relating to tenure and a copy of the leases will be available for inspection within the legal pack.
Site Area
0.40 aces (0.164 hectares).
Value Added Tax
We understand VAT is not applicable on this transaction.
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.
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