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Car Park Junction of Wilton Street & Lozells Road, Lozells, Birmingham, B19 2TS

Sold for for £25,000.
 

Guide Price £25,000 plus fees


Thursday 4th September 2014

11.00am
Key Features
A Leasehold Tarmacadem Surfaced Car Park
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Sold for for £25,000.

Land

Auctioneer's Note (Numbered)

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.
VAT will be chargeable at the standard rate on this transaction.

Property Description

A tarmacadam surfaced car park, which can only be used for car parking. The existing hoarding is not included within the sale.

Property Type

Land & Development Opportunities & Garages

Site Area

The site extends to some 553 sq.m. (661 sq.yds) or thereabouts.

Tag Line

A Leasehold Tarmacadem Surfaced Car Park

Tenure

We understand that the property is Leasehold on a new 99 year lease at a peppercorn ground rent, with a restriction that it can only be used for car parking. The advertising hoarding currently erected is excluded from the sale and the vendor (the Council) will retain a right of light and other rights that are necessary for the use and enjoyment of that advertising hoarding.

Viewings

External viewings only.

Tenure: