Land
Please note that no offers will be accepted prior or post to the Auction.
The property will be sold on the understanding that the 10% deposit must be paid by a Banker’s Draft made payable to CPBigwood Ltd. No other means of payment will be accepted and failure to do so will result in the property being re-offered for Sale.
In addition to the purchase price, the purchaser will be required to pay the Council’s professional fees of £1,000.
The existing pay and display ticket machines will be removed and the existing electricity supply to each car park will be disconnected prior to the completion of the sale.
(A) Car Park Cecil Street/Hanley Street, Newtown, Birmingham B19 3SU
A 44 space pay and display surfaced car park of some 1,458 sq.yds (1,219 sq.m.) or thereabouts. Gross Income for 2013/2014 is £24,733 with a rateable value of £10,250. There is an existing Licence over the car park to allow the adjoining owner emergency exit and this will be retained.
(B) Car Park Cliveland Street, Newtown, Birmingham B4 7BA
A 33 space pay and displaye surfaced car park of 2,154 sq.yds. (1,801 sq.m.) or thereabouts. Gross Income for 2013/2014 is £21,017 with a rateable value of £9,900.
(C) Car Park Buckingham Street, Hockley, Birmingham B19 3JG
A 98 space surfaced pay and display car park of 3,015 sq.yds (2,521 sqm.) or thereabouts. Gross Income for 2013/2014 is £32,974 with a rateable value of £19,500.
Land & Development Opportunities & Garages
A Portfolio of Three Leasehold Car Parks
Current Gross Income: £78,724 pa.
The three car parks will be sold on a new 125 year Lease, subject to a peppercorn ground rent and to be retained as car parks.
This Lot is subject to VAT at the standard rate.
The sites are open for viewings.
