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215-218 Monument Road, Edgbaston, Birmingham, B16 8UU

Freehold Mixed Use Investment/Development Opportunity in Edgbaston

Guide price*

500,000+

Plus fees

Sold prior to auction, for an undisclosed amount

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Finance available on this property

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Lot 160 Commercial Vacant Residential Investment
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Auction details:

Wednesday 11th December 2019 @ 10:30AM

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

A Freehold Mixed Use Investment/Development Opportunity, currently comprising four self contained flats, two former retail units, yard and land to the rear. Considered suitable for a variety of alternative uses, subject to obtaining the appropriate planning permission

Property Description

The property comprises a large three storey mid terraced property of brick construction, currently configured to provide two former retail units, both requiring complete refurbishment, together with four duplex flats each having two bedrooms, three are currently let and one requires refurbishment. Outside there is a yard and rear land accessed via shared entrance.

Location

The property occupies a prominent frontage to the eastern side of Monument Road, just off the main A456 Hagley Road within the established and popular suburb of Edgbaston, approximately 2 miles south west of Birmingham City Centre.
The property is conveniently located with all the shopping and leisure amenities available at Five Ways and neighbouring Harborne being within close proximity, together with Birmingham University and the Queen Elizabeth Hospital.

Energy Performance Rating

See legal pack.

Tenure

Freehold – Vacant possession upon completion of all the current void areas and the remainder will be subject to the following.

Value Added Tax

We understand that VAT is not chargeable on this transaction. Full details will be within the legal pack.

Viewings

Strictly by appointment with the Auctioneers.

Tenancy

Room Term Rental
215a Assured Shorthold Tenancy for 6 months with effect from 8th February 2019 - Tenant currently holding over. £550 pcm (£6,600 pa)
216a Assured Shorthold Tenancy for 6 months, with effect from 7th May 2019. £500 pcm (£6,000 pa)
217a Assured Shorthold Tenancy for 3 months, with effect from 26th April 2019 - Tenant currently holding over. £500 pcm (£6,000 pa)
Total: £1,550 pcm - £18,600 pa
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