York House, 38 Great Charles Street Queensway, Birmingham, B3 3JY
Substantial City Centre investment property in Birmingham
Guide price*
Refer
Plus fees
Sold prior to auction, for an undisclosed amount
Lot information
Commercial Investment
Auction details:
Thursday 14th September 2023 @ 09:00AM
City Centre Commercial Investment/Residential Conversion Opportunity Current Gross Income: £136,462.50 pa. Estimated Rental Value: £308,550 pa.
Property Description
York House is a prominent corner building, with offices over five floors, being accessed from a dedicated office entrance from the Great Charles Street Queensway elevation. The office suites offer refurbished accommodation with LED lighting, air conditioning and strong levels of natural light with several windows to the main external elevations on all floors. All floors are served by both the lift and main staircase, with ladies and gents WCs on all floors. Each office suite also has a kitchenette installed.Location
York House occupies a highly prominent location on the corner of Newhall Street and Great Charles Street Queensway, providing direct access to the A38M Aston Expressway and Junction 6 of the M6 Motorway beyond. The building is further well connected with Snow Hill and New Street stations being within a short walk, in addition to a number of bus stops and the Midland Metro. As well as being within the established Central Business District of Birmingham City Centre and benefiting from the leisure amenities that it has to offer, York House is also in close proximity to the new Paradise development which will see a number of new restaurants and bars coming to the City.Value Added Tax
We are advised that VAT is applicable , although it is anticipated that the sale will be dealt with by way of a TOGC.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: | 388.14 | 4,178 |
| First Floor: | 349.03 | 3,757 |
| Second Floor: | 319.67 | 3,441 |
| Third Floor: | 349.59 | 3,763 |
| Fourth Floor: | 337.42 | 3,632 |
| Fifth Floor: | 316.24 | 3,404 |
| Total: | 2,060.12 | 22,175 |
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.
