49 George Street, Birmingham, B3 1QA
City centre self-contained office building in Birmingham
Guide price*
£275,000+
Plus fees
Sold prior to auction, for an undisclosed amount
Lot information
Commercial Vacant
Auction details:
Wednesday 16th September 2020 @ 09:00AM
Live-streamed Auction
An Attractive City Centre Self-Contained Office Building benefitting from planning permission to convert to a town house with rear car parking.
Property Description
The property offers a unique opportunity to own a virtual Freehold (999 years Leasehold) self-contained building within the city centre. This attractive property comprises character office accommodation over two floors with secure gated parking to the rear. It has the benefit of planning permission for conversion to a single residential dwelling. The property has exposed beams and is largely open-plan on both ground and first floors with WC's, kitchen and board/meeting room. There is a feature staircase and on the front rendered elevation there is a Juliet style balcony.Location
The property is conveniently located fronting George Street which runs off Newhall Street and is just a short stroll from the bars and restaurants within St Pauls Square. The main Birmingham Business District around Colmore Row is less than a 10 minute walk, whilst there is also easy access to Brindley Place, Grand Central and Snow Hill.Accommodation
Net Internal Area: 1,365 sq.ft. (126.81 sq.m.)We are informed that the property benefits from 5 car parking spaces.
Energy Performance Rating
DTenure
The property is a virtual Freehold being available by way of a Lease for a term of 999 years at a peppercorn ground rent with effect from 27th February 2008.Full details relating to tenure will be available within the legal pack.
Planning
The property benefits from planning permission (Application No. 2019/04915/BA) dated 5th August 2019 granted by Birmingham City Council for prior approval for change of use from offices (use class B1 (A)) to a dwelling (use class C3). A copy of the planning permission will be availble for inspection within the legal pack.Value Added Tax
We understand that VAT will be chargeable on this transaction.Auctioneers Note
Please note offers will be considered prior to the Auction Sale.Remote Bidding Auction
This 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.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.
