Commercial Development
DRAFT DETAILS
The units are accessed to the rear of 1110 Coventry Road off Berkeley Road, Yardley and are situated within an area of mainly residential dwellings with commercial units fronting the Coventry Road. The units both benefit from roller shutters and parking.
Unit One comprises a ground floor workshop with roller shutter and three phase electricity (not tested) extending to approximately 670 sq.ft along with first floor accommodation accessed from a separate entrance and consists of a storage area, wc and extends to 670 sq.ft.
Unit Two comprises ground floor storage area with roller shutter extending to 190 sq.ft along with first floor accommodation accessed via an internal staircase configured as storage and wc / shower facilities extending to 190 sq.ft.
We feel that the units could be reconfigured to provide residential accommodation subject to appropriate planning consent.
Freehold. Vacant possession upon completion.
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 Variable Fee (England and Wales).
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 fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 Price
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.
