Commercial Property
A substantially extended, three storey, refurbished end terrace property of rendered brick construction surmounted by a replacement tiled roof directly fronting the pavement.
The property benefits from having UPVC double glazing, gas fired central heating, three entrance points, two staircases, and is offered for sale in a presentable condition.
The ground floor is predominantly used as the main community space with two large assembly rooms which can be used separately or split with a folding door. There is also a w.c and kitchen area. The first floor is of a similar size with the rooms being split into two large offices or meeting rooms, kitchen, shower room and WC x2. On the second floor is a smaller meeting room/office.
The property is currently being used by the Bosnia and Herzegovina UK Network Charity as a community centre/meeting rooms, However may be suitable for a variety of uses and all interested parties must satisfy themselves in full with any proposals they may have with Birmingham City Council prior to bidding.
The property is located on the corner of Medley Road and Holte Road and Medley Road is located off Warwick Road.
May be suitable for alternative uses, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
Freehold. 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 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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
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.
