Mixed Use
The Property comprises a three-storey link detached building of brick construction and a pitched roof located along Bristol Road, Northfield.
The accommodation comprises:
A ground floor shop extending 525 sq. ft. trading as a nail bar and configured as retail space with rear WC, kitchen facilities and access to courtyard and parking.
A ground floor shop extending 1,100 sq. ft. let to a charity with access to rear courtyard and parking. The shop is configured as retail space with rear WC and kitchen facilities.
A recently refurbished two-bedroom apartment with access from Bell lane and benefiting from parking.
A recently refurbished two-bedroom apartment with access from Bell lane and benefiting from parking.
Externally there is a rear courtyard which serves as parking for the whole building and provides an additional income of £1,000 pa.
We have been advised the property is occupied and subject to the following leases. Copies of the lease agreements are within the legal pack and we would advise interested parties inspect these.
Car park space let from 16th June 2020 – 16th June 2020 with rent passing £1,000 pa.
715 Bristol Road on a lease commencing 01 04 2018 – 31 03 21 with rent passing £9,000 pa.
717 Bristol Road licence to occupy on a rolling basis to a Charity. £0 pa (1-month notice period).
715A Bristol Road (accessed of bell lane) £525 pcm £525 Deposit 6 Months AST Commencing 23 02 18 – Now Rolling.
10 Bell lane residential £525 pcm £525 Deposit 6 Months AST Commencing 01 08 20.
The property is located along Bristol Road South in Northfield within the prime retail area located adjacent to the Northfield shopping centre and benefiting from good bus and rail links within the vicinity. Major national retailers with representation in Northfield include Boots, Wilko, Home Bargains, B&M Bargains and New Look. The parking is located off Bell lane to the Rear of the property.
We are advised that VAT is not applicable.
Both commercial units are trading during usual hours. Interested parties are advised to contact the Auctioneers for access into the residential dwellings.
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.
.jpg){kind=logo}
