Commercial Property
The property comprises a predominantly two storey mid terrace building of brick construction surmounted by a pitched tiled roof.
The property is arranged on the ground and two upper floors, to provide a ground floor retail unit with two self-contained flats above, having access via the rear of the property.
The property is located to the eastern side of West Heath Road, close to its junction with Middlemore Road and Station Road. The property lies within a busy neighbourhood retail area including a Co-op Food Store, Boots Pharmacy, Esso Petrol Filling Station, together with a variety of local traders. Northfield Railway Station is a short walk and provides regular services to Birmingham City Centre.
1 West Heath Road - Retail Unit - 484 sq.ft. (44.99 sq.m.) approx.
1a West Heath Road - First Floor Flat - Two Rooms, Kitchen and Bathroom.
1b West Heath Road - First/Second Floor Flat - Two Rooms, Kitchen and Bathroom.
We have not had access to the living accommodation and the above descriptions should not be relied upon.
We understand that the property is Freehold, Flat 1b is subject to an Assured Shorthold Tenancy, at a current rent of £395 per calendar month (£4,740 per annum). The retail unit and flat 1a will be available with vacant possession.
It is considered that fully let, the property has an estimated full rental value in the order of £15,500 per annum.
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.
