165-173 Halesowen Road, Old Hill, Cradley Heath, B64 6HX
Freehold 2 storey investment/redevelopment opportunity in Cradley Heath
Guide price*
£275,000+
Plus fees
Sold for £430,000
Lot information
Commercial Investment
Commercial Vacant
Land/Development
Mixed Use
Auction details:
Thursday 9th February 2023 @ 09:00AM
A Prominent Freehold Investment/Redevelopment Opportunity within a busy Town Centre location, extending to approximately 6,182 sqft. (573.67m²)
Property Description
The property comprises a prominent detached two storey block, having 5 self-contained retail units on the ground floor and a former club premises at first floor level. To the rear and side of the main building there is gated and fenced land, which is considered to offer the potential for a complete redevelopment of the site, subject to obtaining any necessary planning permission. Two of the retail units are currently occupied, whilst the remaining three and the first floor are vacant, giving the potential to create a fully let investment or undertake redevelopment, subject to planning.Location
The property occupies a prominent position fronting the eastern side of A459 Halesowen Road, at its junction with Elbow Street within the main retail area of Cradley Heath.Halesowen Road is a busy local route throughout the day and the property is considered to occupy a good immediate catchment area for trade, in addition with a high volume of potential passing trade throughout the day.
Energy Performance Rating
See legal pack.Tenure
Freehold - Units 169 and 171 are currently occupied. We believe these to be informal arrangements and at the time of going to print no information has been provided.The remainder of the building will be available with vacant possession upon completion.
Value Added Tax
Please refer to the Legal Pack.Auctioneer's Note
Please note offers may 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.Accommodation
| Sq.m. | Sq.Ft. | |
|---|---|---|
| Ground Floor | ||
| Unit 165 | 46.17 | 490 |
| Unit 167: | 71.90 | 774 |
| Unit 169: | 32.50 | 349 |
| Unit 171: | 59.40 | 639 |
| Unit 173: | 56.70 | 610 |
| First Floor | 307.00 | 3,313 |
| Total Approximately: | 573.67 | 6,182 |
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 £2,160 inc VAT (£1,800.00 + 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.
