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Car Park off Colgreave Avenue, Sparkhill, Birmingham, B11 4DA

Withdrawn Prior to Auction.
 

Guide Price NOT OFFERED plus fees


Thursday 26th February 2015

11.00am
Key Features
A Long Leasehold Surfaced Car Park
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Withdrawn Prior to Auction.

Land

Auctioneer's Note (Numbered)

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.

Ground Conditions & Contamination

Prospective purchasers must undertake their own investigations with regard to ground conditions and contamination and fully satisfy themselves as to the suitability of the site for any use they may propose.

Plans

Any plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.

Property Description

An existing 55 space free public car park with a requirement that it remains as a car park free for public use between 7am and 7pm seven days a week. The public footpath and roadway coloured brown on the land and designated as HMPE will continue to be maintained by the Council and the Leaseholder will not be able to make any changes or to carry out any maintenance or repairs without the Councils consent and approval.

Property Type

Land & Development Opportunities & Garages

Rights of Way, Wayleaves, Easements, Restrictive Covenants etc.

The property is sold subject to, or with the benefit of any rights of wayleaves, easements, restrictive covenants etc. which may exist whether mentioned in these particulars or not. The area coloured brown on the plan is to remain a public highway and pavement maintainable by Birmingham City Council as Highway Maintainable at the Public Expense (HMPE).

Services

Mains services are understood to be available in the vicinity of the property, but prospective purchasers should make their own independent enquiries as to the suitability of services for their particular requirements.

Site Area

The site extends to some 2,197 sq.m. (2,628 sq.yds) or thereabouts.

Tag Line

A Long Leasehold Surfaced Car Park

Tenure

We understand that the property is Leasehold, subject to a new 125 year Lease, at a peppercorn ground rent, with a requirement that it remains a car park, free for public use between 7am and 7pm, 7 days a week. Vacant possession will be given upon completion.
The area coloured brown on the plan is an existing public footpath and highway which is maintained by the Council as Highway Maintained at the Public Expense, i.e. HMPE otherwise known as 'adopted' and it is to remain as such.

Value Added Tax

This lot is subject to VAT at the standard rate.

Viewings

The site is open for viewings.

Tenure: