Mixed Use
A mixed use investment opportunity to acquire a substantial vacant 3 storey building built circa 1900s and occupying a prominent corner position 200m from Bournville station and in need of refurbishment and modernisation.
Found in an extremely sought after residential location this mixed use property offers a fantastic opportunity to add value, refurbish and possibly reconfigure the existing layout (STPP). With the option to convert wholly to residential or retain as a mixed use unit there is significant opportunity to add value and create a good return on investment.
The property briefly comprises of a ground floor retail area, store and staff rooms as well as a lounge, shower room and kitchen, upstairs is serviced by 2 staircases with the 1st floor offering an additional living room, kitchen and bathroom, the top floor has 2 double bedrooms. Outside there is a rear garden and 2 garages which have development potential again STPP.
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 under an Unconditional sale type.
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 (subject to a minimum of £6,000 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.
