Mixed Use
A brick built two-storey end of terrace building with a pitched and part flat roof located on the vibrant Soho Road. We feel the property would lend itself well to being redeveloped into an alternative use, subject to obtaining the appropriate planning permission.
The ground floor accommodation is accessed from an entrance fronting Soho Road leading to a large trading area of approximately 1500 sq ft (148 sq m) previously utilised as a bar and seating for a restaurant, beyond which are a kitchen, storage, wcs and rear access.
The first floor accommodation is accessed from a separate entrance via a side passageway running from the front of the building leading to stairs, leading to a reception room, kitchen, bedroom and bathroom.
The property is located along the popular A41 Soho Road near the junction with Booth Street. Within the vicinity are a vibrant mix of properties including retail, residential and educational. The A41 is one of the main routes linking Birmingham city centre with West Bromwich and the M5 motorway Junction 1.
We understand the property is Freehold and will be offered with vacant possession.
We understand that VAT will not be chargeable on this transaction.
Freehold.
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.
