Industrial Development
A former engineering metal spinning works with gated deep frontage approach/parking area.
Property has fallen into severe disrepair but represents an excellent opportunity to continue as an engineering workshop or perhaps an alternative use, subject to relevant permissions.
Secluded position to the rear of residential properties at the end of Hampton Road, off Slade Road, in the Stockland Green area of Erdington. Ideal location for access to local shops, amenities, commuter routes, bus connections at Stockland Greens central main road intersection with Slade Road, Streetly Road, Reservoir Road and Marsh Hill within 450m/0.3 miles. Gravelly Hill Cross City Line Railway Station 1.2km/0.8 miles. M6 Junction 6/A38 (M) Aston Expressway 2.9km/1.8 miles by vehicle.
The seller has advised there is mains water supply, but unsure about mains foul drainage. Storm water/rainwater is dealt with by on-site soakaways. They have advised there is electricity supply but unaware whether this is still connected and unaware if there is a gas connection, telephone, broadband/fibre.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
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 auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 Buyers 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.
