Mixed Use
The property comprises a two-storey building along the busy Hagley Road West with parking to the front and rear along with security gates allowing for multiple tenants.
Retail unit extending 360 sqft (35 sqm) with office 41.6sqft (3.8sqm) along with a second office of 77sqft (7.8sqm) ,kitchen facilities and WC.
Two bedroomed apartment accessed via a separate entrance leading to the first-floor accommodation comprising of a reception hall, living room, bathroom, bedroom 1 123sqft (11.3sqm) and bedroom 2, 90 sqft (8.38sqm)
Free-standing office to the rear of the site with approximate internal dimensions of 333sq ft (31.02sqm). The office is fitted out with a shower room, w/c and has security shutters.
Dimensions 30sqft (2.76sqm)
The property is located in Quinton fronting the busy and popular Hagley Road close to the junction with the Quinton Expressway. This gives access to the M5 Junction 3 motorway and Birmingham city centre approximately 5 miles away. The area is predominantly residential with a busy parade of shops close to the property along with the Quinton business Park and Asda Supermarket within walking distance as well as excellent transport links.
We understand the property is subject to the following tenancies:
574 Hagley Road West - currently let on a lease commencing 17th July 2017 with current rent of £8,400 per annum (subject to review) with a term of 7 years.
574B Hagley Road West - currently let on an Assured Shorthold Tenancy with a current rent of £650pcm.
574C Hagley Road West - Vacant
External Storage Unit - Vacant
We have not had sight of the leases or agreements and would advise interested parties to inspect the legal pack for more information.
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.
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