638 Aldridge Road, Great Barr, Birmingham, B44 8NQ
Mixed use property in Great Barr
Guide price*
£120,000+
Plus fees
Sold prior to auction, for an undisclosed amount
Lot information
Mixed Use
Auction details:
Thursday 12th September 2024 @ 08:30AM
A freehold together with unexpired leasehold interest of a mixed use property comprising a vacant retail unit and first floor self contained flat investment
Property Description
A prominent two storey mid terrace of brick construction with a pitched tiled roof, standing within a parade of similar properties. The property is configured to provide the vacant ground floor retail/office unit having ancillary kitchen and WC. The unit is considered suitable for a variety of alternative uses, subject to any necessary planning consents. Having separate access via a front door entrance is a self contained first floor flat which is currently let.Location
The property occupies a prominent corner position standing within a parade of similar properties fronting Aldridge Road and enjoying a return frontage to Burnham Road.The property lies within a popular and well established residential area forming part of the Great Barr suburb approximately 5 miles north of Birmingham City Centre, within the vicinity there are local shops, schools and the James Watt College.
Accommodation
Ground Floor (638 Aldridge Road): Shop (sales area)- 492 sq. ft (45.71 sq. m), Kitchen- 45 sq. ft (4.18 sq. m) Total: 537 sq. ft (49.89 sq. m)First Floor (638a Aldridge Road): Living accommodation comprising, Entrance Lobby, Stairs to Landing, Two Bedrooms, Living Room, Kitchen and Bathroom.
The flat has gas fired central heating and replacement double glazed windows.
Energy Performance Rating
See legal pack.Council Tax Band
ATenure
The sale is of the freehold title and under lease subject to a ground rent of £25 which is payable for the unexpired term of 32 years.We have not had sight of the documentation relating to tenure, but understand that there is a restriction against the sale of alcohol.
Documentation will be included in the legal pack and all interested parties must seek their own verification in respect of this and all matters relating to tenure.
Value Added Tax
We understand VAT is not applicable 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.
