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Car Park MacDonald Street, Highgate, Birmingham, B5 6TG

Sold for for £105,000.
 

Guide Price £45,000 plus fees


Thursday 30th April 2015

11.00am
Key Features
A Long Leasehold Car Park
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Sold for for £105,000.

Land

Auctioneer's Note (Numbered)

Please note that no offers will be accepted prior or post to the Auction.
The property will be sold on the understanding that the 10% deposit must be paid by a Banker’s Draft made payable to CPBigwood Ltd. No other means of payment will be accepted and failure to do so will result in the property being re-offered for Sale.
In addition to the purchase price, the purchaser will be required to pay the Council’s professional fees of £1,000.
The existing pay and display ticket machine(s) will be removed and the site's separate electricity supply turned off prior to the completion of the sale.

Is Preliminary Lot

False

Property Description

An existing 25 space pay and display car park which can only be used as car parking, with a current gross income for 2013/2014 of £8,205 per annum, with a rateable value of £7,500.

Property Type

Land & Development Opportunities & Garages

Site Area

The site extends to some 870 sq.m. (1,040 sq.yds) or thereabouts.

Tag Line

A Long Leasehold Car Park

Tenure

We understand that the land is Leasehold on a new 125 year Lease, subject to a peppercorn ground rent, with an obligation that it remains a car park. Vacant possession will be given upon completion.

Value Added Tax

VAT will be chargeable at the standard rate on this transaction.

Viewings

The site is open for viewings.

Tenure: