184 Sutton New Road, Erdington, Birmingham, B23 6QU

Freehold retail premises in Erdington being sold on behalf of Birmingham City Council

Guide price*

£200,000+

Plus fees

Sold for £387,000

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Lot 1 Commercial Vacant
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Auction details:

Wednesday 9th February 2022 @ 09:00AM

Live-streamed Auction

A Vacant Freehold High Street Retail Premises And Parking

Property Description

A freehold detached retail premises and offices with secured parking for up to 5 vehicles.

Accommodation

Ground Floor: Main Retail/Office (66.55sqm), Kitchen (13.83sqm), WC and Disabled WC.
First Floor: Landing, WC, Large Office (41.34sqm), Small Office 1 (11.83sqm), Small Office 2 (10.23sqm)
Outside: Secure Gated Side Access offering access to rear parking area for up to 5 vehicles.

Energy Performance Rating

E

Tenure

Freehold – Vacant possession upon completion.

Planning

The property currently benefits with planning consent for A2 use as offices. The current usage was granted on 7/5/1986 under application 20873010. The property may be suitable for a number of alternative uses subject to obtaining the necessary planning consents.

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

The property is sold subject to all rights of way documented or otherwise across the property.

Value Added Tax

The purchase price including any contribution to the Councils costs is exclusive of VAT.

Auctioneer's Note

Please note no offers will be considered prior or post the Auction Sale.
In addition to the purchase price, the purchaser will be required to pay the Council's professional fees of £2,000.

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

See viewing schedule - We require that masks continue to be worn by all viewers and ask that a sensible distance is kept from other viewing parties both inside and outside the property. Please note the appointments listed below are open viewings, there is no need to book in prior to attending.
Tuesday 25th Jan 2022 10:30-10:45
Tuesday 1st Feb 2022 10:30-10:45
Thursday 3rd Feb 2022 10:30-10:45
Monday 7th Feb 2022 10:30-10:45
BCC
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.

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 £1,680 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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