185 High Street, Rowley Regis, B65 0DU

Former bank premises in Rowley Regis

Guide price*

£195,000+

Plus fees

Unsold

Lot 87 Commercial Vacant
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Auction details:

Wednesday 9th December 2020 @ 09:00AM

An Attractive Vacant Freehold Former Bank Premises, having planning permission for restaurant use, but suitable for a variety of alternative uses, subject to obtaining any necessary planning permission

Property Description

The property comprises an attractive former bank premises, which has been used as a restaurant in recent years. The accommodation is currently configured to provide a largely open plan area on the ground floor with former kitchen and preparation areas, a separate room suitable for private dining, inner lobby with access to a spacious basement area. On the first floor there is a single bedroom with en-suite shower room, lounge, kitchen area, double bedroom, shower room with WC. The flat has gas fired central heating. Outside there is a side driveway and small parking area to the rear. The property is in need of refurbishment throughout, but is considered suitable for continuation of its existing use as a restaurant/bar or a variety of alternative uses, subject to obtaining any necessary planning permission. We have not undertaken a measured survey but understand the total area including the basement extends to approximately 3,640 sq.ft. (338.16 sq.m.). All interested parties should obtain their own verification of the floor areas and dimensions and ensure that it is suitable for any proposed future use.

Location

The property occupies a prominent position fronting the roundabout junction of the A4100 High Street and Birmingham Road within the heart of Blackheath Town Centre. There is a good mix of local retailers, together with national operators including Sainsbury's, Wilko, Iceland, Greggs, Coral, Specsavers and Age UK.

Energy Performance Rating

See legal pack.

Tenure

Freehold – Vacant possession upon completion.

Planning

Planning permission was granted by Sandwell Metropolitan Borough Council on 30th January 2015 for change of use of the ground floor bank (Use Class A2) to restaurant (Use Class A3).

Value Added Tax

We understand VAT is not chargeable on this transaction.

Auctioneers Note

Please note offers may be considered prior to the Auction Sale.

Remote Bidding Auction

This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.

Viewings

Strictly by appointment with the Auctioneers.
DISCLAIMER

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

LIVE-STREAMED AUCTION

Please note that the Auction will be livestreamed via our website.  You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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