fbpx
My Favourites
Free sales valuation
To register for remote bidding in our next National Property Auction click here

Land off Kingsbury Road, Birmingham, B35 6AB

Lot no: 63 Sold at Auction for £225,000
 

Guide Price £100,000 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 the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Wednesday 23rd May 2018

10.00am
Key Features
  • A prominent parcel of freehold land
  • EPC Rating:
Add to favourites
Sold at Auction for £225,000

Land

Property Description:

The property, which we understand was previously used for car parking in conjunction with an adjoining property, comprises a very broadly rectangular shaped parcel of land, situated between Kingsbury Road (A38) and the Birmingham & Fazeley Canal, having a site area of about 0.45 Acres (0.18 Hectares) or thereabouts.

Location

The property which fronts onto Kingsbury Road (A38) is situated about 6 miles north east of Birmingham City Centre. Other centres such as Erdington and Sutton Coldfield are about 3 and 4 miles distant respectively whilst Junction 6 of the M6 Motorway is about 3 Miles and Junction 9 of the M42 Motorway is about 3.5 miles away.

Planning

The property is situated in Birmingham and any planning enquiries should be directed to the Local Planning Authority, Birmingham City Council.

Interested parties must make their own enquiries of the Local Planning Authority in respect of planning and independently satisfy themselves as to the suitability of the site for any development or use they may propose.

Ground Conditions & Contamination

Prospective purchasers must undertake their own investigations relative to ground conditions and contamination and independently satisfy themselves as to suitability of the site for any use or development they may propose.

Services

Mains services are understood to currently be available in the vicinity of the property but prospective purchasers must independently satisfy themselves as to the availability of suitable services to provide for any particular requirement or the development they propose.

Plans or Aerial Photographs

Any plans or aerial photographs provided with these particulars are for identification purposes only and their accuracy is not guaranteed.

Rights of Way, Wayleaves, Easements, Restrictive Covenants etc.

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.

Value Added Tax

We understand that VAT will be chargeable on the purchase price but for confirmation in this regard please refer to the Legal Pack.

Viewings

External viewings only.

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.