43 Alcester Road South, Kings Heath, Birmingham, B14 7JQ

Retail unit in Kings Heath

Guide price*

£285,000+

Plus fees

Sold for £325,000

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Finance available on this property

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Lot 113 Commercial Vacant
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Auction details:

Wednesday 8th December 2021 @ 09:00AM

Livestreamed Auction

A Vacant, Freehold Refurbished Retail Unit within a busy suburban Retail District

Property Description

The property comprises a spacious refurbished single storey mid terraced retail unit. The retail area is predominantly open plan with a rear store/office and wash room facilities. It has benefitted from a recent refurbishment programme, including a new fully glazed shop front with electric roller shutter, new electrics, heating and air conditioning systems, suspended ceilings throughout, lighting, WC facilities and attractive ceramic tiled flooring. There is also an alarm system and three phase electricity. The unit is considered suitable for a wide variety of retail uses, subject to obtaining any necessary planning permission and simply requires redecoration by the occupier.

Location

The property occupies a prominent position to the eastern side of the A435 Alcester Road South, between its junctions with Drayton Road and Addison Road, in the heart of the busy and popular Kings Heath shopping are which lies approximately 3 miles south of Birmingham City Centre.
Within the vicinity, there is a vibrant mix of local and national operators with a Sainsbury's Food Store lying diagonally opposite.

Accommodation

Approximately 1,540 sq.ft - 143.0 sq.m.
The property has the benefit of rear access.
All interested parties should seek their own verification of floor areas and dimensions.

Energy Performance Rating

D.

Tenure

Freehold – Vacant possession upon completion.

Value Added Tax

We understand that VAT is not chargeable on this transaction.

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.
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 all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

REMOTE BIDDING AUCTION

Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only.  You must pre-register to bid for each auction no later than 24 hours 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 £1,680 inc VAT (£1,400.00 + 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 is available to download free of charge under the ‘lot information’.  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.

Remote bidding registration