Mixed Use
The property comprises a brick built two storey end of terrace building with a pitched roof.
We feel that the property would suit a number of alternate uses subject to obtaining any appropriate planning permissions such as conversion into a fully domestic dwelling, conversion for renting separate rooms or mixed use. We feel there is also scope to extend top the side of the property.
The ground floor accommodation is accessed from an entrance fronting Castle Lane set back from the road way. The accommodation comprises a former hair salon and provides approximately 720 sq foot (67 sq m) of trading area. In addition to this are kitchen and wc facilities and access to the rear of the property along with access to the rear garden.
The first floor accommodation is accessed via an internal stair case and comprises of a landing leading to three double rooms, bathroom and kitchen. We feel this could be easily reconfigured to provide separate access allowing the first floor to be rented out to a separate tenant(s) subject to obtaining any appropriate planning permissions.
Externally the property benefits from parking to the front and a garden to the rear. The property also benefits from a garage to the side.
The property is located in Olton, Solihull and site at the end of a small parade of retailers in a predominantly affluent residential area.
We understand that VAT will not be chargeable on this transaction.
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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