Mixed Use
DRAFT DETAILS:
The property comprises a three-storey (including basement) mid terrace brick build building comprising to the front a well established hair salon and to the above and rear four recently refurbished one bedroomed self-contained apartments, with secure entrances and benefiting from gas central heating.
The building also has benefit from secure gated rear courtyard accessed to the right of the parade of shops, along with ample parking to the front and rear for both the tenants and the business below.
The apartments are accessed via the rear of the property all with their own entrances.
We have been verbally advised the property is occupied and subject to the following leases which have not been inspected. Copies of the lease agreements will be made available within the legal pack and we would advise interested parties inspect these for more information.
Commercial Unit: Paying £1,750 per quarter with tenants in occupation for over 20 years.
Flat A - £475 pcm on a rolling basis.
Flat B - Vacant.
Flat C - Vacant.
Flat D - £475 pcm on a rolling basis.
The property is located along the Kings Road close to the junction with Finchley Road within a parade of local retailers. The wider area comprises mainly residential dwellings with Chester Road train station within a mile. Bus connections into Birmingham are frequent.
We are advised that VAT is not applicable.
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.
