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183, 185 and 187 Stratford Road, Sparkbrook, Birmingham, B11 1RB

Lot no: 18B Sold at Auction for £576,000
 

Guide Price £550,000+ 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 25th March 2020

11.30am
Key Features
  • 14 bedrooms
  • Great potential for investors
  • Gas central heating
  • Double glazing
  • EPC Rating: Awaited.
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Sold at Auction for £576,000

Commercial Property

Property Description:

A fourteen bedroomed fomer hostel with ancillary accommodation over three floors. The property is of traditional solid brick and block construction and is surmounted by a pitched slate clad roof. It is believed the property was constructed circa 1900 and has since been extended to the rear since construction. The premises benefits from gas central heating and is double glazed.

The property comprises:

Ground Floor:
Entrance
Two Offices
Three Stores
Three Reception Rooms
Kitchen
Two W/Cs
First Floor:
Landing
Shower Room
Two W/Cs
Eight Bedrooms
Second Floor:
Landing
Two Bathrooms
Six Bedrooms
Outside:
Yard and Gardens to Rear
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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