Property photos
Just added
Auction
Freehold
Guide price
£180,000
Retail premises for sale
953 & 973 Alcester Road South, Kings Heath, Birmingham B14Local area information
Property location
Nearby amenities
- St Jude's Catholic Primary School 0.1 miles
- Hollywood Primary School 0.5 miles
- Yardley Wood 1.7 miles
- Shirley 1.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Leasehold Vacant possession upon completion.
For Sale By Public Auction on 10 December starting at 08:30 am - A virtual freehold retail investment with residential accommodation over
Current gross income: £28,660 pa
The property comprises a retail premises on the ground floor with a self contained maisonette to the upper floors, which is situated in a parade of shops on the main Alcester Road South (A435), having public parking to the front, with local and national operators including Sainsburys, Greggs, Aldi, Betfred and Lloyds Bank nearby.
Location
The property is located on the main A435 Alcester Road South, close to the junction of Hawkhurst Road.
Energy Performance Rating
E.
Tenure
Leasehold Vacant possession upon completion.
Value Added Tax
For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.
Lease Details
Lease Term: 2,000 years from 10th December 1985 (approx. 1,960 years unexpired)
Ground Rent: Peppercorn.
Full lease details will be available within the legal pack.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Auctioneer's Note
At the time of going to print, the Auctioneers were unable to inspect the property internally and therefore the accommodation details should not be relied upon.
Viewing Times
External viewings only, no internal viewings will be arranged.
Tenancy Details
Shop: Let on a full repairing and insuring Lease for a term of 5 years from 30th April 2024 at a rental figure of £18,000 per annum.
Maisonette: Let on an Assured Shorthold Tenancy for a term of 12 months from 1st October 2025, at a rental figure of £10,660 per annum.
Total Gross Income: £28,660 per annum.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
Current gross income: £28,660 pa
The property comprises a retail premises on the ground floor with a self contained maisonette to the upper floors, which is situated in a parade of shops on the main Alcester Road South (A435), having public parking to the front, with local and national operators including Sainsburys, Greggs, Aldi, Betfred and Lloyds Bank nearby.
Location
The property is located on the main A435 Alcester Road South, close to the junction of Hawkhurst Road.
Energy Performance Rating
E.
Tenure
Leasehold Vacant possession upon completion.
Value Added Tax
For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.
Lease Details
Lease Term: 2,000 years from 10th December 1985 (approx. 1,960 years unexpired)
Ground Rent: Peppercorn.
Full lease details will be available within the legal pack.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Auctioneer's Note
At the time of going to print, the Auctioneers were unable to inspect the property internally and therefore the accommodation details should not be relied upon.
Viewing Times
External viewings only, no internal viewings will be arranged.
Tenancy Details
Shop: Let on a full repairing and insuring Lease for a term of 5 years from 30th April 2024 at a rental figure of £18,000 per annum.
Maisonette: Let on an Assured Shorthold Tenancy for a term of 12 months from 1st October 2025, at a rental figure of £10,660 per annum.
Total Gross Income: £28,660 per annum.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
More information
Listed by
Bond Wolfe Auctions
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Property descriptions and related information displayed on this page are marketing materials provided by - Bond Wolfe Auctions. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Bond Wolfe Auctions for full details and further information.