Land with Frontages to Edward Street & Sandpits, Birmingham, B1 2RX

Freehold land in Birmingham

Guide price*

£118,000+

Plus fees

Sold for £184,000

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Finance available on this property

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Lot 99 Land/Development
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Auction details:

Wednesday 8th December 2021 @ 09:00AM

Livestreamed Auction

A Parcel of Freehold land, situated in a prominent location fronting onto Edward Street and Sandpits (A457) in Central Birmingham, with the benefit of Planning Permission for the erection of a single storey building for use as a café (Use Class A3).

Property Description

The property comprises a small parcel of development land situated between Edward Steet and Sandpits which we understand extends to an area of about 270 sq.yds (225 sq.m.) or thereabouts.

Location

The site is prominently situated with frontages to both Edward Street and Sandpits (A457) close to Birmingham City Centre and adjacent to a recent residential development.

Tenure

We understand that the property is Freehold. For further information in respect of tenure and other legal aspects and requirements please refer to the legal pack.

Planning

We understand that Planning Permission (Ref 2018/10428/PA) for ‘Erection of a single storey building for use as a cafe (Use Class A3) with associated hard and soft landscaping’ was granted by Birmingham City Council on 8th May 2019 subject to conditions and the site may have potential for alternative uses subject to obtaining any Planning Permission or any other necessary consents. Interested parties must however make their own enquiries of the Local Planning Authority, Birmingham City Council, and independently satisfy themselves as to the suitability of the property for any use or development they propose.

Services

Mains services are understood to be available within the vicinity of the property, but interested parties should independently satisfy themselves as to the availability and suitability of any mains services for their particular requirements.

Ground Conditions & Contamination

Prospective purchasers must undertake their own investigations with regard to ground conditions and fully satisfy themselves as to the suitability of the site for any use they may propose.

Plans/Aerial Photographs

Any plans or aerial photographs provided with these particulars are for identification purposes only and their accuracy is not guaranteed.

Rights of way, wayleaves, easements, restrictive covenants etc.

The property is sold subject to, or with the benefit of any rights of wayleaves, easements, restrictive covenants etc. which may exist whether mentioned in these particulars or not.

Value Added Tax

For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to 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

External viewings only.
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.

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