Land
A former cinema building with full planning for the redevelopment of 3,993 sq.ft. (371 sq.m.) or thereabouts of retail space, 6 studio apartments, 8 one bedroomed apartments and 24 two bedroomed apartments with 38 car parking spaces.
We understand the site is Freehold and vacant possession will be given upon completion.
The development site is situated within the centre of the Cathedral City of Lichfield, some 16 miles north of Birmingham. The heart of the city offers easy access to excellent schools, shopping and public transport facilities.
Planning approval for the demolition of the existing building and retention of the existing facade for the redevelopment of the site to include A1 Retail Unit to the ground floor, 38 apartments including car parking and ancillary facilites under application no. 16/00025/FULM, subject to conditions.
A copy of the planning approval and approval of conditions will be available within the legal pack.
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.
Site & Ground Floor: 25,823 sq.ft. (2,399 sq.m.)
First Floor: 10,581 sq.ft. (983 sq.m.)
Second Floor: 10,581 sq.ft. (983 sq.m.)
Third Floor: 9,181 sq.ft. (853 sq.m.)
Total: 56,165 sq.m. (5,218 sq.m.)
Gross Internal Area
Retail: 3,993 sq.m. (371 sq.m.)
Residential: 21, 248 sq.ft. (1,974 sq.m.)
We understand that the building, with the exception of the facade, has now been demolished.
The site is open for viewings.
Freehold. 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.
