Commercial Property
A Freehold vacant end terraced Industrial Unit and secure yard.
Reception Entrance, Office, Kitchenette and WC, Main Workshop with full height folding doors.
Metal Stairs lead to two large offices and storage area.
Secure front yard.
The property has the benefit of three-phase electricity.
Ground Floor:
Storage/Workshop - 416.5 sq.m. (4,483 sq.ft.)
First Floor:
Offices - 39.5 sq.m. (425 sq.ft.)
Storage - 307 sq.m. (3,311 sq.ft.)
The site extends to some 651 sq.m. with a total gross internal area of 763 sq.m. (8,219 sq.ft.) or thereabouts.
We understand that the property is Freehold and vacant possession will be given upon completion.
The property falls within the Aston regional investment site which will accommodate the advanced manufacturing hub a joint initiative between Birmingham City Council and the Homes & Communities Agency aimed at the advanced manufacturing sector. The property has the benefit of planning consent from general industry (B2) storage and distribution (B8) and vocal training related to the construction/engineering/manufacturing trades only.
1. Please note that no offers will be accepted prior or post to the Auction.
2. The property will be sold on the understanding that the 10% deposit must be paid by a Banker’s Draft made payable to SDL Bigwood. No other means of payment will be accepted and failure to do so will result in the property being re-offered for sale.
3. In addition to the purchase price, the purchaser will be required to pay the Council’s professional fees of £1,750.
See viewing schedule.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
