03455 120 115 8AM - 10PM

Terms and Conditions

By submitting a bid you confirm, you have read and understood the terms of sale and special conditions in the legal pack and have clarified all information with your solicitor.

If you’re the successful bidder, you agree to pay the deposit amount and fees and charges associated with this property immediately after the end of the auction.

By placing a bid, you are authorising the auctioneer to sign the contract of sale on your behalf. The exchange of contracts will take place immediately and which point you will become legally bound to purchase and the deposit will contribute towards the purchase price.

Online auction

Mixed Use Investment, Harborne, B17 0NT

339 Harborne Lane, Birmingham, UK

SOLD PRIOR

Auction Ended

End: 07-01-2020 17:17:00

Please login to continue with placing your bid.

Click here to login

Confirmation

Confirm your bid of: £240,500

Confirmation

Confirm your bid of: £241,000

Confirmation

Confirm your bid of: £241,500

Confirmation

Confirm your bid of: £242,000

OR

Confirmation

Confirm your bid of:

(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.
  • Freehold
  • 2 Bedrooms
  • 1 Reception Room
  • 1 Bathrooms
  • Investment Property
MECS Property
0121 681 6327

2-4 Lonsdale Road, Harborne, Birmingham, B17 9RA

  • Freehold
  • 2 Bedrooms
  • 1 Reception Room
  • 1 Bathrooms
  • Investment Property
MECS Property
0121 681 6327

2-4 Lonsdale Road, Harborne, Birmingham, B17 9RA

339 Harborne Lane, Harborne, Birmingham, B17 0NT

Guide Price - £250,000+

A FREEHOLD MIXED USE INVESTMENT WITH GROUND FLOOR COMMERCIAL & A SELF CONTAINED 2 BEDROOM FLAT - CURRENT GROSS RENTAL INCOME OF £19,800 per annum

 

 

Property Description

A commercial unit in Harborne with mixed use producing a current total of £19,800 per annum. The property has ground floor commerical space and a self contained 2 bedroom apartment on the 1st floor

The property is sold without affecting either tenancy. Details of the tenancies are as follows

Ground Floor:

Lease with Virgin Media - 15 years from 31/10/18
Rent review - every 4 years
Service Charge £675 per quarter
Rent £12,000 pa

First Floor:

Large 2 bed self contained flat
Let to a company for 3 years from 11/18
Rent £650 pcm - increases 5% every 12months

 

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.
× Grand modal