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409 Bearwood Road, Smethwick, B66 4DJ

Lot no: 108 Sold Prior to Auction
 

Guide Price £325,000 - £350,000 plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Wednesday 23rd May 2018

10.00am
Key Features
  • A Prominent Vacant Freehold Detached Office Building
  • EPC Rating: E.
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Sold Prior to Auction

Commercial Property

Property Description:

The property comprises a detached corner building of brick construction with a pitched roof. Originally used as a Police Station, the property has for the last 40 years been used as professional offices.
The accommodation is currently configured to provide on the ground floor, entrance lobby, hallway, reception area, three offices, kitchen, ancillary stores, WCs and boiler room. On the first floor there are five offices and a WC, whilst on the second floor there are three further rooms previously used as file storage.
Outside and to the rear there is a good sized garden area which offers the potential for further development or the creation of car parking, accessed from the adjacent Belmont Road, subject to obtaining any appropriate planning permission.

Ground Floor

Entrance Lobby, Hallway, Reception Area - 183 sq.ft. (17.00 sq.m.)
Store - 76 sq.ft. (7.06 sq.m.)
Office 1 - 127 sq.ft. (11.79 sq.m.)
Office 2 - 234 sq.ft. (21.73 sq.m.)
Office 3 - 159 sq.ft. (14.77 sq.m.)
Kitchen - 75 sq.ft. (6.96 sq.m.)
Store & Boiler Room.

First Floor

Office 1 - 113 sq.ft. (10.49 sq.m.)
Office 2 - 217 sq.ft. (20.15 sq.m.)
Office 3 - 55 sq.ft. (5.10 sq.m.)
Office 4 - 232 sq.ft. (21.55 sq.m.)
Office 5 - 204 sq.ft. (18.95 sq.m.)

Second Floor

Room 1 - 179 sq.ft. (16.62 sq.m.)
Room 2 - 166 sq.ft. (15.42 sq.m.)
Room 3 - 110 sq.ft (10.21 sq.m.)

Total NIA (approx.) 2,130 sq.ft. (197.88 sq.m.)
Location

The property occupies a prominent corner position fronting the main A4030 Bearwood Road, at its junction with and having a return frontage to Belmont Road.

The property lies within a popular and well established mixed residential and commercial neighbourhood, with Bearwood Baptist Church and Bearwood Primary School within close proximity.

Tenure

We understand that the property is Freehold and vacant possession will be given upon completion.

Value Added Tax

We understand that VAT will not be chargeable on this transaction.

Viewings

Strictly by arrangement with the Auctioneers.

Tenure:

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.