Mixed Use
The site contains a part completed project comprising of a two-storey construction which will form a mixed use development comprising two commercial units and two residential dwellings with separate access from an entrance to the side of the building.
We encourage interested parties to inspect the site, the legal pack and consult the Sandwell Metropolitan Borough Council for more information.
We are advised that the property is freehold. We would advise interested parties to inspect the legal pack.
The site sits along the A457 Birmingham Road Oldbury close to the junction with Bridge Street. The site sits within a small parade of commercial buildings with bar and grill to the left and a social club to the right. The wider area contains a mixture of light industrial and residential dwellings and is a short walk to Oldbury town centre and the Langley Green or Sandwell train stations. Birmingham citycCentre is approximately 6 miles to the east.
We understand that VAT will not be chargeable on this transaction.
The site benefits from planning permission for an infill development of two shops at ground floor level with two flats above dated 24 January 2014 under reference DC/13/56514 subject to conditions. We understand the foundations have already been laid. We encourage interested parties to inspect the site, the legal pack and consult the Sandwell Metropolitan Borough Council for more information.
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.
