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Mixed Use Investment, Harborne, B17 0NT

339 Harborne Lane, Birmingham, UK

Auction Starts

December 17, 2019 12:00 pm

Auction Ends

December 19, 2019 1:00 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

£ 265,000+

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

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

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

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

339 Harborne Lane, Harborne, Birmingham, B17 0NT

Guide Price - £265,000+

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.
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