Former Bearwood Corks Social Club, 558 Bearwood Road, Smethwick, B66 4BT
Vacant freehold former social club with redevelopment potential in Smethwick
Guide price*
£900,000+
Plus fees
Sold prior to auction, for an undisclosed amount
Lot information
Commercial Vacant
Land/Development
Auction details:
Thursday 12th September 2024 @ 08:30AM
Prominent Vacant Freehold Former Social Club with Redevelopment Potential subject to planning
Property Description
The property comprises a detached part two, part three storey former social club of approx. 8,526 sq. ft. N.I.A. on a site area of 0.25 acre. The property provides an excellent opportunity for change of use and redevelopment to residential or a mixed-use scheme, subject to planning.Location
The property is prominently located on the A4030 Bearwood Road approx. 3.5 miles west of Birmingham City Centre.The property is situated immediately adjacent to the main retail pitch and main residential area of Bearwood. Local occupiers include Iceland, Aldi, Argos, Costa Coffee etc.
The property is within walking distance of Lordswood School, St Gregorys Catholic Primary School, Bearwood Primary School and Abbey Infant and Junior Schools.
There are various bus stops immediately adjacent to the property providing regular services to Birmingham City Centre and the wider West Midlands. Smethwick Rolfe Street and Smethwick Galton Bridge train stations are approx. 1.5 miles and 3 miles respectively from the property.
Accommodation
Internally: The property consists of compartmentalised lounge, bar, ballroom/hall, snooker room, kitchen, WC and storage accommodation.Externally: There is a small garden with seating fronting Bearwood Road currently open to the public and an outdoor seating area fronting Sherwood Road.
To the Rear, there is a part paved, part grassed garden with seating.
Pedestrian access is via a glazed double door off Sherwood Road however access could also be reinstated to the original Bearwood Road entrance.
Energy Performance Rating
See legal pack.Tenure
Freehold – Vacant possession upon completion.Value Added Tax
For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.Auctioneer's Note
We are aware an Asset of Community Value (ACV) application has been submitted in respect of the property. Interested parties should rely upon their own enquiries with Sandwell Council.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.
