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Ivy House, High Street, Halesowen B63 3BD

Lot no: 25 Postponed
 

Guide Price £170,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 27th July 2023

10.00am
Key Features
  • Prime Location
  • Consent for redevelopment
  • Off Street Parking
  • Close to M5J3 and Birmingham
  • EPC Rating: E
  • Council Tax Band: Exempt
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Postponed

Detached house

Property Description:

A detached freehold three Storey Grade II Listed Premises extending 1,914 Sq Ft(177.8 Sq M) centrally located in Halesowen and benefitting from off street parking along with scope for redevelopment into residential available with vacant possession upon completion.

The property is currently occupied and has been for several years with its current use as office space. There is a demand within the locality for both office and residential use.

We have been advised that On 3rd March 2022, the property was granted approval (subject to conditions) for change of use from office use to three self-contained residential apartments, under planning application number P21/1514. Further information can be obtained from the Dudley Metropolitan Borough Council planning portal. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Externally there is parking for seven vehicles along with several car parks within walking distance.

The basement storeroom is accessed from the ground floor.

The accommodation is carpeted, lit with fluorescent strip lighting and central heating by a gas boiler(not tested). The premises could be relet with minimal work or upgraded.

The property is located along High Street Halesowen within a, area of both local and national retailers. J3 M5 is three miles from the property with Birmingham approximately 9 miles away.


Ground floor:

Four offices, a small kitchen and WC

First Floor:

Three offices and WC

Second floor:

Small lobby, three offices, a kitchen, and a WC

Area:
Basement Storage - 179 sqft
Ground Offices - 661 sqft
First Offices - 512 sqft
Second Offices - 562 sqft
Total internal area - 1914 sqft
Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Leasehold. Vacant possession upon completion.



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 Variable Fee (England and Wales).

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 auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyers 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 Price

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.