64 Station Road, Marston Green, Birmingham, B37 7BA
Mixed use investment property in Marston Green
Guide price*
£325,000+
Plus fees
Withdrawn
Lot information
Mixed Use
Auction details:
Thursday 11th July 2024 @ 08:30AM
A freehold mixed use investment property comprising of an A3/A5 retail unit and separate spacious self contained living accommodation Current rental income £30,000 PA
Property Description
The premises comprise a two storey semi detached property internally configured to provide a restaurant/takeaway on the ground floor, with full commercial kitchen stores and WC. To the rear and over the first floor is the residential accommodation which is accessed via a driveway leading from Malthouse Row. The accommodation comprises on the ground floor, kitchen, lounge, dining room, shower and WC. On the first floor there is a landing, three bedrooms and shower room with WC. The property benefits from a rear gated garden and four car parking spaces.Location
The property occupies a prominent position fronting Station Road in the heart of Marston Green village on the borders with Solihull. Within the vicinity is a busy and vibrant mix of independent retailers and the property is considered to benefit from an excellent immediate catchment area for it's existing or alternative uses.Marston Green railway station lies a short stroll from the property.
Energy Performance Rating
See legal pack.Tenure
Freehold.64 Station Road- Shop: Let by way of a new 5 year lease with effect from November 2023 at a rent of £18,000 per annum.
64a- Living Accommodation: Let by way of an assured shorthold tenancy for a period of 3 years at a rent of £12,000 per annum.
We have not had sight of the lease documentation, copies will be available for inspection in the legal pack.
Value Added Tax
We understand VAT is not chargeable on this transaction.Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.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 £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.
