Commercial Property
A prominent corner block of mixed retail, office and residential uses with multiple occupiers, set behind partly private/public forecourts on the respective frontages.
The property divides readily into two blocks, standing either side of a small private car park, which is an integral part of the premises.
The main block fronts Lordswood Road with a partial return frontage to Lonsdale Road and comprises a three storey building of brick construction, surmounted by a pitched slate roof, with two storey matching wings.
The second portion of the property is a detached block of four lock-up single storey shops, fronting Lonsdale Road of brick construction with flat roofing. The shops are each of a relatively similar modular nature and have disused land to the rear.
The private car park between the two elements is surfaced and provides approximately 10 car parking spaces.
The property occupies a prominent main road position in the popular and affluent Bimingham suburb of Harborne, approximately 3 miles west of the City Centre.
Situated at the western end and on the periphery of the High Street shopping area, the property has a main frontage to Lordswood Road and a return frontage to Lonsdale Road.
We understand that the property is Freehold, subject to the following tenancy schedule. Copies of the agreements will be available for inspection within the Legal Pack.
We understand that VAT is not chargeable on this transaction. All interested parties should refer to the Legal Pack for verification.
Strictly by arrangement with the Auctioneers.
Freehold.
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.
