Commercial Property
The property comprises a single storey brick built lock-up/warehouse unit with a pitched roof. The internal area of the unit is approximately 210 sq.ft. (20 sq.m.) and provides office space, kitchen and WC facilities. Externally there is a yard area with a gated entrance.
We consider the property suitable for variety of alternative uses subject to obtaining appropriate planning permission.
We understand the property is Freehold and vacant possession will be given upon completion.
The property is located on Cornwall Road in the predominently residential area of Handsworth Wood. The unit lies between two residential properties and is accessed via a driveway leading immediately off Cornwall Road. We understand that the neighbouring properties have pedestrian rights of way over the driveway (please see Legal Pack for full details).
The property benefits from good access to local and national motorway networks via junction 1 of the M5 which lies approximately 2 miles to the west along with Birmingham city centre being approximately 3.5 miles away.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
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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