Mixed Use
The property comprises a mid-terraced three storey building of brick construction surmounted by a pitched tilled roof.
The ground floor accommodation is occupied by a Pharmacy and extends approximately 800 sq.ft.
The first and second floor accommodation is a residential dwelling extending to approximately 1,055 sq ft let on an AST with separate entrance.
The property is centrally located within the main shopping area of Shirley, Solihull, set back from the Stratford Road. Parking is available on street. Within the immediate vicinity are a number of local and national retailers.
The property is held on a lease on the ground floor to Jhoots Healthcare Limited with an expiry date of 02/09/2029 paying £22,500 per annum.
A Licence to Assign has been agreed from J hoots Healthcare Limited (07058830) to Medispire Limited (10709264) and is in the process of being completed. We understand the lease is within the LLTA 1954. We would advise interested parties to inspect the legal pack for more information.
The residential accommodation is let on a AST with a current rent passing of £725 per calendar month.
We understand that VAT will not be chargeable
Strictly by appointment with the auctioneers.
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.
