Restaurant
The property currently comprises a restaurant benefiting from a licence to sell alcohol and occupies the ground floor of a three-storey mixed use building benefiting from prominent glass frontages along Main Street and Gorcott Lane, with two separate access points. The property was originally two units and we feel it could potentially be split back into two separate commercial units, subject to planning consent, providing the new owner with more flexibility or a greater rental income.
The accommodation is currently laid out with a more formal dining area of approximately 486 sq. ft. (45 sq. m.) with a separate bar area of approximately 950 sq. ft. (88 sq. m.) along with separate male, female and disabled wcs. The restaurant has 60 covers.
The kitchen is split into two parts with a serving hatch and extraction system and was fitted out to a high standard upon inspection. There is a separate office area along with staff wc and a refrigeration ‘cellar’ servicing the bar.
Externally to the rear is a shared car park along with local on street parking available.
The property is centrally located within Dickens Heath with a frontage along Main Street and Gorcott Lane, benefiting from a high footfall within an area of commercial and residential accommodation. Dickens Heath is a village offering a contemporary life style offering bespoke homes and apartments, restaurants, offices, shops, medical surgeries as well as a local library, Village hall and Village green to provide a community lifestyle. Dickens heath is within 5 minutes of the M42 Motorway, being 10 Minutes from Solihull and half an hour from Birmingham city centre.
We understand that VAT will not be chargeable on this transaction, however, interested parties are advised to refer to the legal pack for clarification.
We understand the property is on long lease of 999 years and we would advise interested parties to refer to the legal pack for clarification. The unit is currently trading as a restaurant, however will be sold with vacant possession and any interested parties are advised to satisfy themselves as to what equipment will remain within the premises.
The restaurant and bar are open during public trading hours. Should you wish to view any other areas then this is strictly by appointment with the Auctioneers on 0121 233 5046.
Leasehold.
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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