Mixed Use Investment, Bearwood, B67 5QY

Katherine Road, Smethwick B67 5QY, United Kingdom

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Time Left

2018-03-19 13:30:00

(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.

Current Bid

£ 182,500

(Fees Apply)

This property is sold subject to a non-refundable reservation fee of 3.5% + VAT with a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.

2 Bids

(Reserve met)
  • Current Bid

    £ 182,500

    189 days ago
  • #221211

    £ 180,000

    192 days ago
  • Starting Bid

    £ 180,000

    Starting Bid
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  • Freehold
  • 4 Bedrooms
  • 2 Reception Room
  • 1 Bathrooms
  • Recently Refurbished
  • Investment Property
  • Off Road Parking
Royal Estates Auctions
0121 429 2030

464 Bearwood Road, Birmingham, B66 4HA

Reservation Fee Calculator

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- - -

Please be advised that a buyer information pack fee is also applicable. Check Terms Of Sale & Legal Pack information or Please speak to our auction team for more information.

  • Freehold
  • 4 Bedrooms
  • 2 Reception Room
  • 1 Bathrooms
  • Recently Refurbished
  • Investment Property
  • Off Road Parking
Royal Estates Auctions
0121 429 2030

464 Bearwood Road, Birmingham, B66 4HA

Reservation Fee Calculator

- - -
- - -

Please be advised that a buyer information pack fee is also applicable. Check Terms Of Sale & Legal Pack information or Please speak to our auction team for more information.

Property Overview

**COMMERCIAL INVESTMENT WITH A 4 BEDROOM FLAT & POTENTIAL OF A FURTHER FLAT** Royal Estates are proud to present a prominent corner shop located in the busy area of Bearwood, the property benefits from a large commercial shop on the ground floor with a self contained refurbished four bedroom apartment  above, the property is currently tenanted as a whole. Excellent potential the property has had previous planning permission for a three bedroom first floor apartment and a ground floor one bedroom apartment; this was granted in March 2007. Application Number: DC/07/47486 (Sandwell Planning Department).

Ground Floor:

Commercial retail corner shop, with a separate storage room and toilets. Total 612sqft including storage area.

First Floor:

A large four bedroom property with two large living rooms, modern kitchen, bathroom and a total of four double bedrooms with a separate study room. 

The property is currently achieving £15,000 Per Annum for the whole building with a rent review on 2nd April 2018. (Please see legal pack for further details)

 

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by Under The Hammer Auctions

 

Conditional Online Auction Details

Every online bidder must first create an account at www.underthehammer.com/account/create/. This is a very quick and simple process. Once you have registered, you will be able to search, download legal documents, arrange viewings and contact the Agents, Auctioneers and the solicitors if you have queries on the property. 

This property is for sale Under The Hammer by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase which allows you up to 56 days to complete on the property which means interested parties can proceed with traditional residential finance.

If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and have 28 days within which to exchange. If you fail to do so, you may lose your reservation fee. During the 28 day reservation period, the seller is not able to accept other offers. 

The sale of each Lot is subject to a reservation fee (additional to the purchase price) of 3.5% + VAT (4.2% inc VAT) subject to a minimum £5,000 +VAT (£6,000 inc VAT). The reservation fee does not contribute towards the purchase price.  Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract. 

 

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve.

EPCs can be viewed in full on our website www.underthehammer.com on the sales details page or in the legal pack.

 

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 firms employment has the authority to make or give any representation or warranty in respect of the property.

 

No floor plan added.