Land
A Leasehold former garage site which may be suitable for continuance of its existing use or a number of alternative uses subject to obtaining the necessary planning consents.
We understand that the land is Leasehold subject to all rights of way documented or otherwise across the land. The council will grant a new 125 year Lease at a peppercorn ground rent, the Lease is to include a restriction to prohibit the site from being developed for flatted accommodation. Vacant possession will be given upon completion.
We understand that the site extends to some 985 sq.m. (1,178 sq.yds.) or thereabouts.
The land may be considered suitable for a number of alternative uses including that of residential development subject to obtaining the necessary planning consents. There is however a restriction in the Lease to prohibit the site from being developed for flatted accommodation. All initial enquiries can be made to Robert King or Lucy Berry at Birmingham City Council on 0121 303 3928.
Mains services are understood to be available in the vicinity of the property, but prospective purchasers should make their own independent enquiries as to the suitability of services for their particular requirements.
Prospective purchasers must undertake their own investigations with regard to ground conditions and contamination and fully satisfy themselves as to the suitability of the site for any use they may propose.
Any plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.
The property is sold subject to, or with the benefit of any rights of way, wayleaves, easements, restrictive covenants etc. which may exist whether mentioned in these particulars or not.
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 £1,250.
Strictly by arrangement with the Auctioneers.
Leasehold. Vacant possession upon completion.
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.
