Commercial Property
The property comprises a two storey part rendered brick end of terraced building, surmounted by a pitched artificial slate roof.
The property is currently configured to provide two small interconnecting retail units on the ground floor, which could be combined to provide one unit, whilst on the first floor there is a well presented self-contained flat comprising a front door entrance, double bedroom with en-suite shower room, lounge/diner and kitchen. The accommodation benefits from heating and UPVC double glazed replacement windows throughout.
The property is situated within a parade of similar properties fronting Station Road, a short distance from Erdington Railway Station and the main Erdington shopping district.
We understand that the property is Freehold.
The ground floor retail units will be available with vacant possession upon completion.
Residential Accommodation - No. 34a is let by way of an Assured Shorthold Tenancy for a period of six months with effect from 12th July 2017, at a rental of £450 per calendar month.
VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
Freehold. Part let/part vacant.
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 Fixed Fee.
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 auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s 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
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.
