236 Shaftmoor Lane, Hall Green, Birmingham, B28 8SP
Freehold mixed use property in Hall Green
A Freehold Mixed Commercial And Residential Investment Within A Popular Residential Suburb Current Rental Income £18,240 PA
Property DescriptionThe property comprises a deceptively spacious two story mid terrace of brick construction with tiled pitched and flat roofs. The accommodation is currently configured to provide a self contained retail unit occupied by an off licence with ancillary kitchen, WC and stores. Accessed from the rear is a self contained flat arranged over part ground floor and first floor. There is a spacious lounge and fitted kitchen on the ground floor with three good size bedrooms and shower room on the first floor. Also approached from the rear is a bed sit consisting of a single room with en suite shower room. The property benefits from central heating and there is forecourt parking to the front. It is considered possible to extend the living accommodation with a conversion of the loft space in line with neighbouring properties, subject to obtaining any necessary planning consents
LocationThe property occupies a prominent position situated near to a traffic island at the junction of Shaftmoor Lane and Cateswell Road. Shaftmoor Lane is a busy local route which links with the main A34 Stratford Road approximately 500 meters distant.
Hall Green is a well established and popular residential suburb lying approximately 5 miles south east of Birmingham City Centre and close to the borders of Solihull.
Energy Performance RatingRetail Unit- C
Flat - D
TenureFreehold – Subject to the existing tenancies.
Ground Floor Retail Unit- Let by way of a lease for a term of 15 years from May 2016 at a rental of £7,200 per annum.
Flat- Let by way of an assured shorthold tenancy at a rental of £7,800 per annum (£650pcm).
Bed Sit- Let at a rental of £3,240 per annum (£270pcm)
We have not had sight of the tenancy documentation however copies will be available for inspection within the legal pack.
Value Added TaxWe understand that VAT is not chargeable on this transaction.
Auctioneer's NotePlease note offers may be considered prior to the Auction Sale.
Remote Bidding AuctionThis 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.
ViewingsStrictly by appointment with the Auctioneers.
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.
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.
A pair of Town Centre retail properties with redevelopment potential being sold on behalf of Walsall Council