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Freehold Mixed Use Investment, Bearwood, B67 5AN

Gladys Road, Smethwick, UK

Auction Starts

December 17, 2019 12:00 pm

Auction Ends

December 19, 2019 2:00 pm

(Unless Sold Prior)

  • To do so, please contact the auction team and put forward your absolute best bid. As you are asking the seller to close the auction early your offer should be very strong, at the top end or above the guide price. If all terms are agreed, the purchase will adhere to auction rules and terms of the sale.

Guide Price

£ 107,500+

(Fees Apply)
The sale of this lot is subject to an auction administration fee, the greater of £2,500 + VAT or 1.75% +VAT of the purchase price.
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  • Freehold
  • Self Contained Upper Parts
  • Investment Property
  • Rear Garden
Royal Estates
0121 429 2030

464 Bearwood Road, Birmingham, B66 4HA

  • Freehold
  • Self Contained Upper Parts
  • Investment Property
  • Rear Garden
Royal Estates
0121 429 2030

464 Bearwood Road, Birmingham, B66 4HA

106 Gladys Road, Bearwood, Birmingham, B67 5AN

Guide Price - £107,500+

A FREEHOLD MIXED USE INVESTMENT WITH GROUND FLOOR COMMERCIAL & A SELF CONTAINED 1 BEDROOM FLAT ABOVE

 

Property Description

A mixed use investment premises compromising of a commercial usage downstairs which is currently vacant and a one bedroom occupied flat upstairs which is producing £450PCM. There is potential to convert downstairs back into a residential use (subject to planning).

The one bedroom flat is located above the current commercial premises, access to above is located to the right side of the premises having a separate entrance leading into a staircase. The property consists of an open plan kitchen/dining room, bathroom, large living room and double bedroom all completed to a high standard with the current tenant occupying the property for over a year with a rental income of £450PCM on a rolling periodic tenancy. 

The Commercial Shop has access to the front, with porch way leading into two large retail rooms, kitchenette, bathroom and access to the rear garden, this is suitable for a further flat conversion or to use as a commercial premises. Cosmetic work is required downstairs but has excellent potential in a thriving investment area. All conversions will be subject to obtaining the neccesary planning. 

 

 

Energy Performance Rating

See Legal Pack

 

Auctioneers Note

The deposit for exchange of contracts on this property is 5% subject to a minimum of £5,000.

The completion period for this property is 8 weeks (56 days)

 

Starting Bid and Reserve Price

*The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price. Reserve prices are subject to change up to the date of the auction. Please note that Lots may be withdrawn prior to the end of auction

 

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firm’s employment has the authority to make or give any representation or warranty in respect of the property.

No floor plan added.
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