10A Station Road, Harborne, Birmingham, B17 9JT

Freehold office investment in Harborne

Guide price*

£160,000+

Plus fees

Sold prior to auction, for an undisclosed amount

Lot 208 Commercial Investment
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Auction details:

Thursday 16th May 2024 @ 08:30AM

A Freehold Investment Opportunity Current Rental Income: £9,972 pa.

Property Description

The property comprises a mews style two storey property occupying a courtyard location just off the main Harborne High Street. There is an on site allocated car park space with an additional visitor parking space.

Location

The property is located on Station Road within easy walking distance to the centre of Harborne and all it’s local amenities. It is well positioned for travel to and from Birmingham city centre (approximately 4 miles) and is situated just off Harborne High Street. Junction 3 of the M5 motorway is around 4 ½ miles away. The office adjoins a residential courtyard, and benefits from an exclusive parking space and a communal visitor space.

Accommodation

Ground Floor: Meeting/Conference Room - 135 sq ft.
First Floor: Office - 224 sq.ft.
Separate WC and tea-making area
Total Gross Internal Area - 460 sq ft.
Car parking space for visitors

Energy Performance Rating

D.

Tenure

Freehold – Subject to the existing tenancy.

Tenancy Details

The property is let to Renaissance Health and Therapy centre for a term of 5 years FRI from 13th July 2022, expiring on 12th day July 2027, at a passing rent of £9,972 per annum.

Tenant Profile

Renaissance Natural Therapy Centre was established in Harborne, Birmingham, in 1996 and offers psychotherapy, physiotherapy, holistic therapies and day spa services. Insurance of the property will be taken out by the landlord but is payable by the tenant. A full schedule of dilapidation is available.

Value Added Tax

We understand VAT is not applicable on this transaction.

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 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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