Mixed Use
A mixed-use end of terrace property located along Hawthorn Road opposite the junction with Charlton Road, presented at a lettable standard both in terms of the commercial and residential aspects and with scope to utilise the substantial garden for further accommodation subject to obtaining appropriate consents. The property is offered with vacant possession upon completion.
The property sits within an area commercial premises with both national and local retailers. We note upon inspection in September 2023 that vacancy rate is very low within the area and there is a substantial demand for residential accommodation owing to the location and its connections to Birmingham City Centre a few miles South.
The property is set back from the Hawthorn Road with the front forecourt part of the deeds (interested parties are advised to inspect the legal pack) which provides space for parking.
The Ground floor comprises the commercial unit benefitting from Roller shutters, glass frontage, Rear WC, storage, and kitchen facilities. There is a shutter to the rear giving access to the garden area behind the premises. The shop is in a good state of repair and could be let as is. The trading area extends approximately 48m2 (517sq.ft) A similar commercial unit could command somewhere in the region of £10,000 per annum.
The residential accommodation is accessed from the rear of the property via a gated alley way used to access the rear gardens of adjoining properties. The property benefits from a gated entrance to its garden and a separate door for the residential aspect.
The residential accommodation benefits from UPVC, Gas central heating (not tested) and new carpets. We consider it could be let with little preparation and would work well as a three person house share with the area commanding over £140 per week/£21,840 per annum, based on comparable evidence. This is subject to regulations being met and obtaining licences that may be required.
To the rear of the property is a large garden with access from a gated side access road. We feel there is scope to create a building/prefabricated structure of some sort to increase potential income (subject to obtaining planning consent). Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Interested parties are advised to inspect the legal pack form more information.
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.
