The property comprises of a mid terraced, two storey building with a part flat and part pitched roof, fronting Cape Hill and benefiting from rear access via Shortland Road.
The property occupies a prominent frontage to Cape Hill High Street which is a busy route throughout the day to Birmingham city centre approximately 3 miles to the east. Within the vicinity there is a vibrant mix of local businesses trading along with national operators.
Opposite the unit are Barclays and TSB Bank and within walking distance, the Windmill Shopping Centre containing Pure Gym, Asda, Boots and JD Sports.
We understand that the property is Freehold, the retail unit is subject to a Lease.
The ground floor and first floor void areas will be vacant upon completion.
We have not had sight of the Legal documentation relating to the above, however copies will be available for inspection within the Legal Pack.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
Part let/part vacant.
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.
