Commercial Property
The property comprises a two storey brick built semi detached unit, surmounted by a pitched roof and benefiting from a rear courtyard, WC and roller shutters.
To the ground floor there is a commercial unit formerly used as a confectioneries and configured to provide a front trading area of approx. 400 sq.ft. (37 sq.m.), along with a kitchen/preparation area of approx. 100 sq.ft. (9 sq.m.) situated behind a partitioned wall, beyond which is a storage area of approx. 130 sq.ft. (12 sq.m.).
With regards to the first floor, we are advised that the accommodation consists of two bedrooms, lounge, bathroom and kitchen and is accessed via an entrance to the front of the property; however at the time of the Auctioneers inspection, the first floor could not be accessed and therefore interested parties should satisfy themselves as to the layout.
The property lies along the busy Stratford Road and forms part of a parade of local shops. National retailers such as Dominos Pizza and Tesco Express are situated nearby. Hall Green Railway Station is in close proximity, along with the vibrant Sparkhill area being less than a mile away.
We understand the property is Freehold, subject to the following tenancies.
The first floor flat is let on an Assured Shorthold Tenancy, which is on a rolling basis, at a current rental of £500 per calendar month.
The shop unit is offered with vacant possession.
Full tenancy details will be available 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.
