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Commercial Property in Birmingham

55 Station Road, Erdington, Birmingham, B23 6UE

Lot no: 85 Property type: Commercial Property Auction type: Unconditional with Fixed FeeWhere exchange occurs immediately on the fall of the gavel. The successful bidder will be legally obliged to exchange contracts, pay a 10% deposit (subject to a minimum of £5,000) together with the buyers fee of £1074 and complete within a set time period.

Guide Price* £175,000plus fees Result Sold at Auction £180,000



A Freehold Mid Terraced Commercial and Residential Investment Property Current Gross Income: £26,940 pa

Property Description

A flush fronted investment property with commercial premises to the ground floor and four residential flats to the rear and first floors.

Ground Floor Front

55 - Retail Area, Kitchenette, Two Treatment Rooms and access to Cellar.

Ground Floor Rear

55B - Studio Flat, Bedroom/Lounge/Kitchen, Shower Room and WC.
55C - Bedroom/Lounge, Kitchen, Shower Room and WC.

First Floor

55A - Lounge/Kitchenette, second floor access to Bedroom with Ensuite Shower and WC.
55D - Living Room/Kitchenette, Shower Room, separate WC and Bedroom.

Outside

Boiler Room/Store.

Floor Area

We have been informed by the Vendor that the floor area extends to some 2,200 sq.ft. or thereabouts.
The Auctioneers have not had the opportunity to verify the figures and therefore they should not be relied upon.

Tenure

We understand that the property is Freehold and being sold subject to the existing tenancies.

Tenancy Details

Full tenancy details will be available within the Legal Pack.

Viewings

See viewing schedule.

Tenure

Freehold. Subject to tenancy.


Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.

*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.

Energy Performance Certificates
EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.

Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.

Auction Fees
The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.

The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.