296-298 Stratford Road, Sparkhill, Birmingham, B11 1AA
Double retail unit in Sparkhill
Guide price*
£500,000+
Plus fees
Unsold, please refer to Auctioneer
Lot information
Commercial Vacant
Auction details:
Wednesday 23rd October 2019 @ 10:30AM
A Freehold double retail unit with the potential to convert the upper floors to residential use subject to any appropriate planning permission.
Property Description
The property comprises a prominent three storey mid terraced double retail unit of brick construction with a composite slate roof. There is a large single storey extension to the rear with a flat roof. The property has operated for over 40 years as a food store. On the first floor there are four rooms used as storage with two further rooms on the second floor. There is the potential to create two self-contained flats with separate rear access subject to obtaining any necessary planning permission. Outside and to the rear there is a yard/parking area with access from Palmerston Road.Location
The property occupies a prominent frontage to the eastern side of the main A34, Stratford Road, close to its junction with the A4167 Highgate Road and Walford Road.The property is situated within a vibrant mixed-use location including retail, restaurants, other commercial uses and residential. There is an Aldi food store immediately opposite.
Stratford Road is a busy arterial route throughout the day linking Birmingham with Solihull, as such the property benefits from both a good local catchment area for trade and a high volume of potential passing trade.
Energy Performance Rating
C.Tenure
Freehold – Vacant possession upon completion.Value Added Tax
We understand that VAT is not chargeable on this transaction.Auctioneers Note
Please note that the completion period for this property is 3 months.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.
