3 bedroom Mixed Use in Birmingham

188 Slade Road, Stockland Green, Birmingham B23 7RJ
  • Lot No: 115
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Variable Fee

Guide Price* £165,000+ plus fees

Result Sold at Auction £180,000

Property Description

DRAFT DETAILS A three storey property benefits from courtyard to the front and a commercial unit to the ground floor operating as a Soft Furnishings shop. The first floor has separate access from the rear and comprises a three-bedroom apartment with kitchen, bathroom and living room. We have been advised there is gas central heating and UPVC windows (not inspected or tested). There is a large Garden located to the rear of the property whch could potentially be built on subject to obtaining apropriate planning We have been advised that the property is held on two separate contracts with the residential accommodation on an AST. Both tenants pay £450 per calendar month on a rolling basis giving a total annual income of £10,800 per annum. Thought suitable for rental increase in line with the current market. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Note:

Please be advised that the auctioneers have not personally inspected the property and room measurements are currently unavailable. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 24th November 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

188 Slade Road, Stockland Green, Birmingham B23 7RJ