Former Snooker Hall, 377-379, Bearwood Road, Smethwick, B66 4DL
Former theatre and snooker hall in Smethwick
Guide price*
£475,000
Plus fees
Sold prior to auction, for an undisclosed amount
Lot information
Commercial Vacant
Auction details:
Wednesday 19th May 2021 @ 08:30AM
A Vacant Freehold Former Theatre And Snooker Hall With Redevelopment Potential
Property Description
A large premises constructed in the late 1920's as a cinema and has undergone numerous changes including ice rink, snooker hall and live music venue with bars and function rooms but has fallen into some disrepair. The property is locally listed and may provide potential for a wide range of similar leisure uses or alternatively a mixed development with some residential elements subject to obtaining the necessary planning consents.Accommodation
Ground Floor: The main entrance to the corner of Bearwood Road/Dunsford Road leads to a public bar/takeaway restaurant with a number of decorative features leading to a sweeping staircase to the first floor with toilets and function room.The Remaining Sections Of The Ground Floor : Former Snooker Hall, bars and toilets have not been used for some time.
First and Second areas are in need of redevelopment or restoration.
Energy Performance Rating
ETenure
Freehold – Vacant possession upon completion subject to three leases.1. Electricity Sub Station to the rear for a term of 60 years from 25th March 1989.
2. Ground Floor telecommunications equipment for 12 years from 5th July 2013.
3. Rooftop telecommunications equipment for 30 years from 23rd September 2016.
Full details of these leases will be available within the legal pack.
Auctioneer's 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. Please ensure that you have viewed the 360 degree video and/or photographs of the property before arranging a viewing appointment. If you then decide you would like to view the property in person, please call our office on 0121 312 1212 and you will be allocated a 5 minute appointment slot.Accommodation
Gross Internal Floor Area| Sq.m. | Sq.Ft. | |
|---|---|---|
| Ground Floor | 1,024 | 11,022 |
| First Floor | 155.9 | 1,678 |
| Second Floor | 73.8 | 794 |
| Basement | 41.5 | 446 |
| Total Floor Area | 1,295 | 13,941 |
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.
