Land
A vacant parcel of land fronting Washwood Heath Road adjacent to a Doctors Surgery and situated to the rear of two advertising hoardings. The land may be suitable for residential development or a number of alternative uses subject to obtaining the necessary planning consents.
We understand that the site extends to some 960 sq.m. (1,148 sq. yds.) or thereabouts.
We understand that the property is Freehold and being sold subject to all existing rights of way documented or otherwise across the land. There are two advertising hoardings on the frontage which are let at £3,000 per annum and upon sale Notice will be given to end the licence unless the prospective purchaser wishes to retain them.
The land may be considered suitable for a number of alternative uses including residential redevelopment subject to obtaining the necessary planning consents. It is understood that as this is an out of centre location retail use would not be supported. All initial enquiries can be made to Stephen Manners or Robert King at Birmingham City Council on 0121 303 3928.
Mains services are understood to be available in the vicinity of the property, but prospective purchasers should make their own independent enquiries as to the suitability of services for their particular requirements.
Prospective purchasers must undertake their own investigations with regard to ground conditions and contamination and fully satisfy themselves as to the suitability of the site for any use they may propose.
Any plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.
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.
Please note that no offers will be accepted prior or post to the Auction.
The property will be sold on the understanding that the 10% deposit must be paid by a Banker’s Draft made payable to SDL Auctions Ltd. No other means of payment will be accepted and failure to do so will result in the property being re-offered for sale.
In addition to the purchase price, the purchaser will be required to pay the Council’s professional fees of £1,250.
The site is open for viewings.
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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