Commercial Property
Please note that no offers will be accepted prior or post to the Auction.
The property will be sold on the understanding that the 10% deposit must be paid by a Banker’s Draft made payable to CPBigwood Ltd. No other means of payment will be accepted and failure to do so will result in the property being re-offered for Sale.
In addition to the purchase price, the purchaser will be required to pay the Council’s professional fees of £1,000.
The Vendor is highlighting that the lessee of the adjoining flat has an undelineated easement to cross the rear yard to gain access to their property.
The property is suitable for continuance of its existing use or may be suitable for conversion to alternative uses subject to obtaining the necessary Planning Consents. All initial enquiries can be made to Mike Stackhouse at Birmingham City Council on 0121 303 3677.
A most unusual three/four storey grade II listed canal side building potentially comprising three office/retail units.
Commercial Investment
The site extends to some 97 sq.m. (116 sq.yds.) or thereabouts with a total gross internal floor area of some 128 sq.m. (1,377 sq.ft.) or thereabouts.
A Freehold Part-Let Grade II Listed Canal Side Property
Current Gross Income: £2,950 per annum with scope for improvement
The two basement rooms are currently Let on an annual tenancy at a rental of £2,950 per annum. Lease details are available within the Legal Pack.
We understand that the property is to be sold Leasehold on a new 150 year Lease subject to a Peppercorn Ground Rent and partial vacant possession will be given upon completion.
See viewing schedule.
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