Land
Freehold, Derelict, Former Workshops on a site of about 0.14 acres (0.05 hectares) which is considered to have potential for development, subject to obtaining any necessary Planning Permission and any other necessary consents.
We understand that the property is Freehold. For further information in respect of tenure and other legal aspects and requirements please refer to the legal pack.
The property is situated in Reservoir Road, Selly Oak, close to its junction with Harborne Lane, in a predominantly residential locality about 4 miles south west of Birmingham City Centre. The Queen Elizabeth Hospital and The University of Birmingham are about 0.5 and 1 mile respectively, whilst Selly Oak Centre is about 1 mile, Harborne Centre is about 1.25 miles and Bournville Centre about 1.5 miles. To the rear of the property is Selly Oak Park.
The property comprises an irregular shaped site upon which are a series of derelict buildings which we understand were previously used as workshops and associated premises.
The gross site is understood to extends to about 0.14 acres (0.05 hectares) or thereabouts.
The property is situated in Selly Oak, and any planning enquiries should be addressed to the Local Planning Authority, Birmingham City Council.
It is located in a primarily residential locality and may have potential for various uses such as this subject to obtaining any necessary Planning Permission and any other necessary consents.
Interested parties must make their own enquiries of the Local Planning Authority and independently satisfy themselves as to the suitability of the property for any use or development they propose.
Mains services are understood to be available within the vicinity of the property, but interested parties should independently satisfy themselves as to the availability and suitability of any mains services for their particular requirements.
Prospective purchasers must undertake their own investigations with regard to ground conditions and fully satisfy themselves as to the suitability of the site for any use they may propose.
Any plans or aerial photographs 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 wayleaves, easements, restrictive covenants etc. which may exist whether mentioned in these particulars or not.
We are informed that VAT will not be charged on the purchase prices but for clarification please refer to the Legal Pack.
Strictly by prior appointment with the Auctioneers.The Auctioneers advise that appropriate clothing and footwear should be worn when viewing this property. Viewers must take extreme care and access it at their own risk. The Agents accept no responsibility for any accidents or injuries.
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.
