Commercial Property
The property comprises a three storey building of brick construction surmounted by a pitched roof.
The ground floor accommodation comprises entrance hallway leading to reception room one of approx. 340 sq ft (32 sq m). This leads to reception room two measuring 210 sq ft (20 sq m). To the rear of the property is ancillary storage along with external access to a rear courtyard.
First floor accommodation is split into six rooms currently configured as massage rooms containing wash facilities along with a separate wc.
Second floor accommodation is split into two rooms currently configured as massage rooms.
The property is located on the North side of Hagley Road approximately two miles from Birmingham city centre, close to its junction with Lordswood Road opposite the Kings Head Public House. The local area comprises a mix of residential dwellings, hotels and commercial units.
We understand the property is Freehold and vacant possession will be given upon completion.
Planning consent for conversion into an wight bedroomed HMO has been granted by Sandwell Council dated 13 November 2018 under reference DC/18/61618.
We understand that VAT will not be applicable on this transaction.
Strictly by arrangement with the Auctioneers.
The property is located on the North side of Hagley Road approximately 2 miles from Birmingham city centre, close to its junction with Lordswood Road and opposite the Kings Head Public House. The local area comprises a mix of residential dwellings, hotels and commercial units.
We understand the property is Freehold and vacant possession will be given upon completion.
Planning consent for conversion into an eight bedroomed HMO has been granted by Sandwell Council dated 13 November 2018 under reference DC/18/61618.
We understand that VAT will not be applicable on this transaction.
Strictly by arrangement with the Auctioneers.
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.
