366 Stratford Road, Sparkhill, Birmingham, Birmingham, B11 4AB
Freehold mixed use development opportunity in Birmingham
Guide price*
£275,000+
Plus fees
Unsold
Lot information
Commercial Vacant
Auction details:
Thursday 11th July 2024 @ 08:30AM
A spacious vacant freehold mixed use development opportunity comprising a retail area, with uppers and having planning permission to extend further to the rear and create 2 self contained flats
Property Description
The property comprises of a three storey mid terraced with basement store, within a parade of similar properties. The ground floor comprises a predominantly open plan retail space with ancillary stores to the rear. The first and second floor comprise of former office space. The existing accommodation, whilst offering potential for a variety of uses subject to any necessary planning consents, does require a complete repair and refurbishment programme. The property also benefits from planning permission for first and second floor extension to the rear to create 2 self contained apartments.Location
The property lies to the northern side of the main A34 Stratford Road within the heart of the Sparkhill shopping district and just a short distance from the Junction with the A41 Warwick Road.Within the vicinity there is a good mix of retail uses, takeaways and restaurants.
Energy Performance Rating
ETenure
Freehold – Vacant possession upon completion.Planning
The property benefits from planning permission granted by Birmingham City Council, application number 2022/0531/PA, dated 10/11/2022. For the erection of first and second floor rear extension to create two 1 bedroom flats, the erection of a covered staircase to the rear and installation of replacement windows to the front.Value Added Tax
We understand VAT is not applicable on this transaction.Auctioneer's Note
Due to the condition of this Lot, the Auctioneers advise that appropriate clothing and footwear should be worn when viewing the property and a torch may also be required. Viewers must take extreme care and access is at the viewer's own risk and the Auctioneers accept no responsibility for any accidents or injuries.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 £2,340 inc VAT (£1,950.00 + 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.
