Carters Green Medical Centre, 396-400 High Street, West Bromwich, B70 9LB
A medical centre investment in West Bromwich
Guide price*
£250,000+
Plus fees
Sold Prior to auction, for an undisclosed amount
Lot information
Commercial Investment
Auction details:
Thursday 27th February 2020 @ 10:00AM
A prominent Freehold town centre medical centre investment having conversion/redevelopment potential subject to obtaining the appropriate planning permission Current Rental Income: £48,000 pa
Property Description
The property comprises three interlinked three storey buildings which have been extended on a piecemeal basis and has for many years served as a local Doctors Surgery and medical centre. The accommodation is currently configured to provide on the ground floor a large waiting room, reception, ten consulting rooms, two WC's. On the first floor there are a further five consulting rooms, stores, staff room, server room, two offices and two WC's. On the second floor there are two storage rooms and two open-plan offices. There is a large cellar and a secure, gated and surfaced car park to the rear having 12 car parking spaces.Location
The property occupies a prominent frontage to the southern side of the High Street, West Bromwich within a busy mixed use environment opposite a Lidl Supermarket and a short walk from the main retail core.The property is conveniently located for access to the local road network lying a short distance from the A41 Albion roundabout giving immediate access to the expressway and Black Country New Road.
Energy Performance Rating
DTenure
Freehold – Subject to a Lease for 10 years with effect from 8th August 2012, the next rent review falls on 1st August 2020 and the current passing rent is £48,000 per annum.The tenant may determine the Lease at any time by giving not less than 12 months notice is writing.
A copy of the Lease and a schedule of condition dated 26th June 2012 will be available for inspection within the Legal Pack.
Value Added Tax
We understand that VAT is not chargeable on this transaction.Auctioneers Note
1. The property is considered to offer an excellent opportunity to convert or undertake a redevelopment following the expiry of the existing Lease for a variety of alternative uses including residential, subject to obtaining any appropriate planning permissions.2. 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.
