Commercial Property
The property comprises a well presented two storey end terrace, of brick construction with a pitched tiled roof. Internally, the property is fitted out to a modern standard and has been operated as a Money Transfer and Travel Agency. On the ground floor there is a cashiers area, open plan sales area with two glass partitioned meeting rooms, a strong room, rear storage, server room, kitchen and WCs. Accessed directly from the sales area are two further offices at first floor level.
The living accommodation, which is self-contained, is accessed via a rear concrete staircase and provides entrance hallway, two bedrooms, lounge, kitchen and bathroom. The living accommodation benefits from gas fired central heating and UPVC double glazed units.
1,510 sq.ft. (140.28 sq.m.)
Offices - 556 sq.ft. (51.65 sq.m.)
Living Accommodation - Hall, Lounge, Kitchen, Bathroom, Two Bedrooms.
The property occupies a prominent position fronting the northern side of Alum Rock Road, set within a parade of similar properties near to its junction with the B4516 Bowyer Road/Highfield Road.
The property is situated within the heart of the main Alum Rock Road shopping and commercial district, where there is a mix of local and national operators.
Alum Rock Road is a busy local route throughout the day, running between Saltley Gate and Washwood Heath Road.
We understand that the property is Freehold and vacant possession will be available upon completion.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
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.
