We are back in the auction room for our 21st July auction!

 

35 Wilson Road, Lozells, Birmingham, B19 1LY

Former school premises in Lozells being sold on behalf of Birmingham City Council

Guide price*

£100,000

Plus fees

Sold for £220,000

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Finance available on this property

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Lot 1 Commercial Vacant
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Auction details:

Tuesday 10th September 2019 @ 10:30AM

Holte Suite, Aston Villa FC, Trinity Rd, Birmingham B6 6HE

A Long Leasehold Former School Premises

Property Description

A large double fronted school premises, until recently utilised as a children's playschool and adult training facility with some off-road parking.

Accommodation

Ground Floor: Entrance Porch, Hall, Playroom, Kitchen, Two WCs, Three Interconnecting Playrooms, Inner Hall, Access to First Floor, Office and Store. Second Entrance, Room, Rear Office, Store, Rear Hall, Three Classrooms, Office, Kitchen/Staff Room, Male and Female WCs, Access to Cellar, Store. Male, Female and Disabled WCs.
First Floor: Landing, Male and Female WCs, Two Interconnecting Rooms, Store, Two Offices and Kitchenette.
Second Floor: Landing, Two Offices and Store.
Outside: Short Foregarden, Rear Garden, Yard with Off-Road Parking Facility and Workshops.

Energy Performance Rating

D.

Tenure

Leasehold – Subject to a new Lease for a term of 250 years, at a peppercorn ground rent. Vacant possession will be given upon completion. The new Lease will include a specific user clause that the property is restricted to community uses within use classes D1 or D2.

Site Area

We understand that the land extends to some 1,341 sq.m. (1,604 sq.yds) or thereabouts.
Internal Sizes approx:
Ground Floor NIA - 244 sq.m. (2,626 sq.ft.)
First Floor NIA - 70.70 sq.m. (761 sq.ft.)
Second Floor NIA - 38.25 sq.m. (412 sq.ft.)

Auctioneer's Note

Please note no offers will be considered prior or post the Auction Sale.
The property will be sold on the understanding that the 10% deposit must be paid by a Banker's Draft made payable to Bond Wolfe Auctions. No other means of payment will be accepted and failure to do so will result in the property being re-offered for sale..
In addition to the purchase price, the purchaser will be required to pay the Council's professional fees of £1,750.
In addition to the purchase price, the purchaser will be required to pay the Auctioneer's fees as stated within the legal pack.

Viewings

35 Wilson Road, Lozells, Birmingham B19 1LY Please note the following dates and times are block viewings for the allocated time slots only and you DO NOT need to book
Thursday 22nd Aug 2019 12:00-12:15
Tuesday 27th Aug 2019 12:00-12:15
Thursday 29th Aug 2019 12:00-12:15
Tuesday 3rd Sep 2019 12:00-12:15
Thursday 5th Sep 2019 12:00-12:15
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.

Remote bidding registration