Commercial Property
The property comprises a prominent two storey terraced building of traditional brick and pitched slate roof construction, formed of three original properties which have been combined. It is believed that the premises originally date from the late 19th Century, but there have been later ground floor single story flat roof additions.
The ground floor is currently configured as library and travel agency with ancillary kitchen and WC accommodation, the ground floor extends to approximately 1,873 sq.ft. (174.0 sq.m.).
On the first floor, there is self-contained living accommodation which briefly comprises living room, reception room, kitchen, shower room/WC, WC/shower room, four bedrooms. Outside there is a small parking forecourt to the front of the premises, whilst to the rear of the property is a good sized garden area, accessed via shared passageway between numbers 72 and 74 Hob Moor Road. The garden area contains a derelict building, the garden and the rear of the property is separated by a right of way shared with adjacent premises.
The property is located fronting the main Hob Moor Road approximately 200 yards south of its junction with Bordesley Green, on the borders of Small Heath and Bordesley Green, approximately 2 miles east of Birmingham City Centre. The property is situated within a predominately residential location with the majority of dwellings dating from the late 19th Century, although there is more modern infill residential developments nearby. Heartlands Hospital is towards the rear of the premises.
We understand that the property is Freehold and vacant possession will be available upon completion in respect of the ground floor library area. We are advised that the travel agency is subject to an informal arrangement at a rate of £500 per calendar month.
We understand that the first floor living accommodation is currently let to a single family on an Assured Shorthold Tenancy, at a current rental of £800 per calendar month - £9,600 per annum.
We have not had sight of the tenancy agreement and all interested parties should refer to the legal pack.
We understand that VAT will not be chargeable upon 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.
