Garages
A block of 17 lock up garages including the access way and forecourt along with substation lease. Please refer to legal pack for more information with regards rights of way.
We have not had sight of documentation but have been advised the following. Interested parties are advised to see the legal pack for more information.
Garages numbered 17, 20, 21, 23, 27 and 30 (shown shaded green on the plan) are subject to under leases granted for terms of 99 years (less 3 days) from 25th March 1962 with an annual ground rent of £5.00
Substation leased for a term of 99 years (less 3 days) from the 25th March 1962 at a rent of £1.00 per annum.
Garages 16, 19, 22, 24, 25, 26, 28, 29, 31 and 32 are Freehold.
The garages are located along Paton Grove, Moseley, approximately 3 miles from Birmingham city centre within an affluent estate.
We understand that VAT will not be chargeable on this transaction.
Direct on site.
See Legal Pack.
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.
