Residential Development
A freehold opportunity comprising a public house currently trading as Cleary's, located along Moseley Street, Digbeth, with scope to redevelop into circa 20 apartments subject to full planning approval.
The site sits less than a mile from Birmingham City centre in Highgate, close to the junction with Moseley Road. Several high profile developments are either under construction, completed or proposed. The building sits within the Rea Valley Urban Quarter. Within the vicinity with more planned owing to the development of Birmingham and its HS2 links.
The sites benefits from a pre application (ref 2022/01077/PA) for the creation of 20 x 2 bedroom apartments along with 225 sq. m. of commercial space below.
The site including the public house extends circa 512 sq. m. (or thereabouts)
Interested parties are advised to inspect the legal pack prior to bidding. Any planning enquiries should be made directly with the Local Authority Birmingham City Council. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Timed Auction and is being sold under and Unconditional sale type.
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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% plus VAT of the purchase price (1.44% including VAT).
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.
