Mixed Use in Birmingham

272 Baldwins Lane, Hall Green, Birmingham, West Midlands B28 0XB
  • Lot No: 171
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £250,000+ plus fees

Result Sold Prior to Auction

Property Description

The property comprises a three-storey mid terraced mixed use building with forecourt to the front giving parking and rear storage unit (let to a separate tenant). The ground floor commercial unit is occupied by the Simla Indian restaurant/takeaway which has been trading from this location for several years and is a well-established and well respected business, The first and second floors our occupied by residential apartments held as part of the commercial lease but could potentially be let to separate tenants in the future. The ground floor commercial unit and two apartments are held on one lease commencing 21 May 2009 for a term of 20 years. Four year rent reviews with the next review due 21 May 2025 Current rent passing: £21,000 per annum. The rear storage unit is let out under a Tenancy at Will at a rental of £4,008 per annum. Total current rent: £25,000 per annum. The property is located along Baldwins Lane Hall Green within a very short distance of Shirley Railway station within an area of mainly up market well establish housing stock. In the immediate vicinity are several local retailers with demand for commercial units very high within the area.

Draft Sales Details

These sales details are awaiting vendor approval.


Note

Please be advised that the auctioneers have not personally inspected the property. 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 Fixed Fee. 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 fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT 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 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 27th July 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

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

Map

272 Baldwins Lane, Hall Green, Birmingham, West Midlands B28 0XB