Commercial Property
The property comprises a two storey brick built end of terraced building with a part pitched and part flat roof set back from the Bristol road, Northfield extending circa 4000 sq foot (371sq m). The property at the time of inspection was occupied by a car repair and MOT centre.
We feel the building has scope for a number of uses such as a part residential and commercial development, full residential conversion or continued use within the motor repair trade.
Interested parties are advised to satisfy themselves as to the suitability of future use and must seek appropriate planning permission where required.
The ground floor accommodation is configured to provide 4 x bays for car repairs and MOT inspections along with WC and office accommodation. There is also a further substantial storage area to the rear of the unit all of which is currently access via a driveway running to the side of the property.
The front of the unit is currently configured as storage and can be accessed via a separate entrance fronting Bristol Road South.
The first floor accommodation has not been inspected, however; we are informed it extends the footprint of the front section of the building.
The property is located on Bristol Road south (A38) in Northfield on the junction with Great Stone Road. The area comprises a mixture of residential and commercial properties with the newly opened Northfield leisure centre opposite and a Sainsburys supermarket within walking distance. The location provides excellent public transport into Birmingham city centre, Kings Norton and Selly Oak all of which are within a few miles radius.
The property also benefits from shared parking via the communal drive way to the side and has a prominent position making it highly visible for business use.
We understand the property to be freehold. At the time of inspection, the property was occupied by a car repair and MOT station. We are advised that upon completion vacant possession will be given.
We have been verbally advised that some of the equipment will stay in situ following completion. However, we have no written verification of this and interested parties are to satisfy themselves as to what will be left within the building.
We understand that VAT will be chargeable on this transaction.
Viewings are strictly by appointment only through SDL Auctions. Although this lot will be sold with vacant possession on completion the business is still currently trading so we ask that the tenants are not disturbed.
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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