Commercial Property
The property comprises a prominent two storey semi-detached property of traditional brick construction which is part rendered and surmounted by a pitched tiled roof.
Internally, the property is currently configured to provide on the ground floor an open plan retail area, three glazed partitioned interview rooms and inner lobby with stairs leading to the first floor providing a meeting room, two offices, store, kitchen area, male and female WCs. The accommodation extends to approximately 1,446 sq.ft (134.33 sq.m.). Outside there is a surfaced parking area.
The property occupies a prominent position fronting Lichfield Road and having a return frontage to Hill Village Road within the desirable suburb of Mere Green, Four Oaks.
The area is well served with local shopping and other amenities and has benefited from the recent development of Mulberry Walk Retail and Leisure Development, situated adjacent to a Sainsburys superstore and comprises a number of retail and bar units including national operators such as M&S Simply Food, Cafe Nero, Prezzo and Boots. Other occupiers within the immediate vicinity include a Waitrose, HSBC and a Shell Petrol Filling Station.
Four Oaks is a popular and affluent suburb located approximately 9 miles north of Birmingham City Centre and there is a good access to the local railway network with Butlers Lane and Four Oaks Stations within close proximity.
We understand that the property is Freehold, subject to a Lease to Barclays Bank Plc, for a term of 20 years with effect from 2nd August 2006 expiring on 1st August 2026. There is provision within the Lease for five yearly rent reviews and a tenants option to break in 2021, subject to six months written notice.
We have not had sight of the Lease documentation relating to this and a copy of the Lease will be available for inspection within the legal pack.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
Freehold. Commercial investment.
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.
