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1710-1712 Bristol Road South, Rednal, Birmingham, B45 9QD

Lot no: 76 Postponed
 

Guide Price £230,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Wednesday 18th December 2019

11.30am
Key Features
  • Former mixed use property
  • First floor residential accommodation
  • Parking for 5 vehicles
  • EPC Rating: B
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Postponed

Mixed Use

Property Description:

The property comprises a substantial end of terrace three storey building surmounted by a pitched roof, benefiting from a double frontage commercial unit that we feel could be split into two separate commercial entities, subject to obtaining appropriate planning permission.

The building sits back from the Bristol Road and benefits from parking for approximately 5 vehicles, along with having twin roller shutters and was previously used as an office building.

The first floor accommodation is accessed via an internal staircase which leads to a landing, three double bedrooms, kitchen, lounge, bathroom.

Location:

The property is located on the Bristol Road close to the junction with Cliff Rock Road a short distance to Northfield and Rubery. The local area is currently undergoing a considerable amount of regeneration with the unit being situated in a highly visible position and benefiting from good public transport links to Birmingham city centre.

The premises sits within a predominantly residential area within a parade of local retailers including a convenience store and beauty salon. The recently developed retail and leisure park is less than a mile away.

Value Added Tax:

We understand that VAT will not be chargeable on this transaction.

Tenure:

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.