Commercial Property
A two storey commercial office building built in the 1960's of concrete frame with brick and panel infill surmounted by a flat roof. Set back from the A38/Tyburn Road behind a lawned foregarden with side roadway and entrance to its rear car park/delivery area.
729 sq.m. (7,844 sq.ft.)
First Floor Office - 859 sq.m. (9,242 sq.ft.)
1,662 sq.m. (17,883 sq.ft.)
The ground and first floors are set out as offices with part of the ground floor given over to stores.
The property is in need of refurbishment throughout.
The site extends to some 5,670 sq.m. (6,781 sq.yds.) or thereabouts.
We understand that the property is Freehold and vacant possession will be given upon completion.
The property is understood to have the benefit of planning consent for B1 office use and may be suitable for a variety of alternative uses subject to planning consent being obtained, such as Light Industrial, Storage/Distribution, Car Showroom, Office (as per existing use). All initial enquiries can be made to Robert King or Lucy Berry at Birmingham City Council on 0121 303 3928.
The property is sold subject to, or with the benefit of any rights of way, wayleaves, easements, restrictive covenants etc. which may exist whether mentioned in these particulars or not.
1. Please note that no offers will be accepted prior or post to the Auction.
2. The property will be sold on the understanding that the 10% deposit must be paid by a Banker’s Draft made payable to SDL Bigwood. No other means of payment will be accepted and failure to do so will result in the property being re-offered for sale.
3. In addition to the purchase price, the purchaser will be required to pay the Council’s professional fees of £1,750.
See viewing schedule.
Freehold. Vacant possession upon completion.
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.
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