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

Freehold Commercial, Cape Hill, Smethwick, B66 4SJ

Cape Hill, Smethwick B66 4SH, UK

SOLD FOR

£305,000

Auction Ended

End: 22-04-2021 13:29:43

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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
  • In need of modernisation
Royal Estates Nationwide
0121 429 2030

Head Office, 464 Bearwood Road, Birmingham, B66 4HA

  • Freehold
  • In need of modernisation
Royal Estates Nationwide
0121 429 2030

Head Office, 464 Bearwood Road, Birmingham, B66 4HA

174 - 176 Cape Hill, Smethwick B66 4SH

Guide Price: £250,000 +

A VACANT FREEHOLD COMMERCIAL PREMISES

 

Property Description

A vacant double fronted commercial premises located on the busy Cape Hill High Street, the property compromise's of a large commercial retail space with kitchen, toilet facilities and a large rear office. 

Upstairs consists of vacant commercial offices, ideal for a conversion into flats/apartments, separate access is available to the upstairs parts via a staircase at the rear. 

Car parking is available at the rear of the property with a gated entrance, furthermore a commercial signboard is located on the external wall providing an additional income. 

 

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. If the property is currently occupied during the term of the auction but is to be sold with vacant possession, the auctioneer and selling agent take no responsibility if the property is not vacated on or before completion.

 

No floor plan added.
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