2 Bearwood Road, Smethwick, B66 4HH

PRELIMINARY ANNOUCEMENT - Three storey property in Smethwick.

Guide price*

£450,000+

Plus fees

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Commercial Vacant
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Auction details:

Thursday 26th October 2023 @ 09:00AM

A Vacant Freehold Three Storey Property

Property Description

A three storey locally listed building built in 1903 behind a short foregarden with pathway approach. Service yard and parking is accessed from the rear via Cheshire Road. Situated with residential housing and local shopping, Victoria Park and Cape Hill Shopping Centre all within easy walking distance.

Accommodation

Ground Floor: Entrance Porch, Hall, Two Meeting Rooms, Canteen with Kitchen and Seating Area, Stores, Lift, WC and access to Cellar.
First Floor: Landing, Kitchen, WC, Stores, Five Rooms and Lift.
Second Floor: Landing, Three Rooms, Three Interconnecting Rooms, Stores.
Outside: Front Garden, Side access and Rear Car Park.

Energy Performance Rating

D

Tenure

Freehold – Vacant possession upon completion.

Planning

The property has potential for change of use from offices to educational facilities, health facility, doctors, dentist, opticians etc. or residential use, but excluding HMO, subject to obtaining the necessary planning consents. A planning brief is available and will be contained within the legal pack or upon request from the Auctioneers.

Viewings

Strictly by appointment with the Auctioneers.
Sandwell Council
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.

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