Commercial Property
The property comprises of a two storey brick-built end of terrace Victorian building, surmounted by a pitch roof formally utilised as an estate agency office.
We feel that the property would suit conversion to mixed use or full residential use subject to obtaining appropriate planning permission.
The accommodation comprises of a ground floor office area of approximately 390 square feet (36.2 square m.). Beyond which is a further office along with wc, shower and kitchen facilities with a combined gross internal area of approximately 312 square feet (29 square m.).
The first floor accommodation is accessed from a stair case running to the right of the ground floor accommodation allowing for separate tenants. The first floor accommodation is currently utilised as storage space and comprises of three spacious rooms and a wc.
Externally the property benefits from roller shutters, on street parking and rear garden with separate access. Interested parties are advised to see the legal pack for further details.
The property is located in Handsworth along Somerset Road near to the junction with College Road in a predominantly residential area. In the immediate vicinity is a car repair garage.
We understand that VAT will not be chargeable on this transaction
Freehold.
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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