Residential Development
A freehold site which has been cleared and is located off Holly Lane in Erdington, benefitting from planning consent for the creation of eleven apartments and associated parking.
The site was previously an office building and has been cleared with planning consent granted for the creation of 11 residential units within a three storey building, associated parking and landscaping. Interested parties are advised to see the planning details on the Birmingham City Council planning portal reference 2021/03020/PA.
The site is located along Holly Lane within an area of predominantly residential dwellings approximately 3 miles from Birmingham city centre and motorway network. Bus and rail connections are all near by.
Buyers are to note the information contained within the legal pack in relation to an Adverse Possession application.
Services are believed to be available within the vicinity of the site however, interested parties should independently satisfy themselves as to the availability and suitability of any services for their specific requirement.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
Please be advised that the auctioneers have not personally inspected the site. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
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.
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 and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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.
