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41 Cockshed Lane, Halesowen, B62 8LH

Lot no: 2 Sold at Auction for £165,000
 

Guide Price £150,000+ 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.

Thursday 28th May 2020

10.30am
Key Features
  • Three bedroomed semi-detached house
  • Potential to develop (stpc)
  • Large garage measuring approx 500 sq.ft
  • Great transport links
  • EPC Rating: D
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Sold at Auction for £165,000

Mixed Use

Property Description:

A spacious three bedroomed semi-detached house with an adjoining commercial unit and a 500 sq.ft garage. It is felt that the commercial unit could be separated off and converted into alternative use and the garage converted in to further living accommodation, subject to obtaining planning consent.

The property comprises:

Ground Floor:

The accommodation is accessed behind a gated driveway leading to ground floor accommodation comprising of hallway, wc, storage room, utility room with external access, kitchen diner, dining room and lounge with patio sliding doors along with access to a commercial trading unit.

First Floor:

Landing, bathroom, three double bedrooms, one with en suite and walk-in wardrobe, and a box room.

Commercial Unit:

The unit is a former clothes shop extending approximately 353 sq.ft with glass front along Cockshed Lane. The unit also benefits from a separate office measuring approximately 75 sq.ft along with access to the rest of the property.

Outside:

There are outbuildings including a 500sq.ft garage with access via the driveway and rear garden.

Location:

The property is located along Cockshed Lane, Halesowen in an area of predominantly residential dwellings. Halesowen town centre is approximately a mile away, along with Blackheath town centre. The local area also benefits from good public transport links to Birmingham via bus and rail (Old Hill Station) along with a superstore within walking distance.

Value Added Tax:

We understand that VAT will not be chargeable on this transaction. Please see legal pack for further details.

Note:

We understand the property is sold with vacant possession upon completion but refer interested parties to special condition 8 on the contract within the legal pack.

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.

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