Commercial Property
A two-storey brick built detached building located and accessed along Waterloo Road. The rear of the building faces the Coventry Road and benefits from an advertising board generating a monthly income of £150. The property has been completely refitted to a very high standard to include triple glazed windows, electric roller shutters, CCTV cameras and external lighting. We have also been advised that the drainage system has been renewed, the roof replaced and the property rewired. We would recommend interested parties inspect the premises as we have only carried out a brief visual inspection.
The accommodation comprises 4 separate offices each having individual kitchen facilities and wc (one with disabled wc). We are advised each office has a separate electric meter.
GIA Approx 224 sq ft
GIA Approx 255 sq ft
accessed via a central stair case leading to:
GIA Approx 229 sq ft
GIA Approx 231 sq ft
The property is located off Waterloo Road, Yardley and benefits from a private driveway entrance. The local area comprises a mixture of residential and industrial units with the busy Coventry Road behind. The property is located approximately 5 miles from Birmingham city centre and 5 Miles from Birmingham Airport.
We understand the property is Freehold and will be offered with vacant possession. We have been informed that the advertising board is on a 3 year lease with approximately 2 years unexpired term at £150pcm (£1,800 per annum). The Auctioneers have not verified this agreement and further details will be provided in the legal pack.
We understand that VAT will not be chargeable on this transaction.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
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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