Online auction

Freehold Mixed Use, Rednal, Birmingham, B45 9QD

Bristol Road South, Rednal, Birmingham B45 9QD, UK

Auction Starts

August 6, 2019 12:00 pm

Auction Ends

August 8, 2019 1:30 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

£ 260,000

(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
  • 3 Bedrooms
  • 1 Reception Room
  • 1 Bathrooms
  • Investment Property
Royal Estates Auctions
0121 429 2030

464 Bearwood Road, Birmingham, B66 4HA

  • Freehold
  • 3 Bedrooms
  • 1 Reception Room
  • 1 Bathrooms
  • Investment Property
Royal Estates Auctions
0121 429 2030

464 Bearwood Road, Birmingham, B66 4HA

1710 - 1712 Bristol Road South, Rednal, Birmingham B45 9QD

GUIDE PRICE - £260,000 +

A FREEHOLD MIXED USE WITH 2 COMMERCIAL GROUND FLOOR PREMISES & SELF CONTAINED 3 BEDROM DUPLEX FLAT TO UPPER PARTS  - Vacant possession with ground floor. 3 Bedroom flat acheiving gross rental of £8,400 per annum

 

Property Description

A FREEHOLD COMMERCIAL PREMISES WITH DOUBLE SHOP AND A SELF CONTAINED FLAT 3 BEDROOM FLATON UPPER PARTS WITH A CURRENT GROSS RENTAL INCOME OF £8,400 per annum from the self contained flat

The Ground floor commercial shop is currently vacant and will be upon completion. 

 

The property comprises of a three storey semi-detached building of brick construction surmounted by a pitched roof. Benefiting from a double commercial premises to the ground floor and a further self-contained three bedroom flat with seperate entrance to the first and second floor. Please be advised the flat is of large proportions the possibility to create more units is possible subject to planning. 

 

LOCATION

Approximately 7 miles from Birmingham City Centre and is just 5 miles away from junction 4 of the M5 motorway giving access to the greater motorway network all around the West Midlands. 

 

Accomodation

Compramising of a Double Commercial Premises at 990sqft internally, the property benefits from a rear access, five allocated parking to the front of the property with two individual shutters. Gas, Electric and Water supplys are active. 

A three Bedroom self contained duplex flat is located above the property, benfiting from a very large living room and kitchen, three double bedrooms, roof terrace and bathroom. Currently achieving £700PCM on a rolling Tenancy, 

 

Tenure

See Legal Pack

 

Deposit Amount

If the reserve is met or exceeded when the auction ends, the successful bidder will be charged a 5% deposit (subject to a minimum of £5,000) and exchange of contracts will take place immediately. The deposit will contribute towards the purchase price.

 

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. The Reserve Price will only be disclosed once it has been met during bidding and not before. 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.