Commercial Property
The property comprises a mid terraced two storey building of brick construction surmounted by a pitched roof.
The ground floor accommodation comprises of a retail unit extending to approximately 675 sq ft (63 sq m), previously trading as a car spares business. To the rear of the unit is access to an external courtyard and further partitioned off storage area.
The first floor accommodation is accessed via an internal staircase leading to a landing area, wc facilities and three large rooms, currently utilised for storage. We feel that the first floor could be reconfigured to provide living accommodation with separate rear access, subject to obtaining the appropriate planning permission.
The property also benefits from roller shutters and parking to front and rear.
We understand that VAT is not applicable
We understand the property is Freehold and vacant possession will be given upon completion.
By appointment with the Auctioneers
The property is located along Bristol Road South close to Northfield and Rubery. The local area is undergoing a considerable amount of regeneration with the unit being situated in a highly visible position and benefiting from good transport links into Birmingham city centre.
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.
