Property for sale

Belvoir Birmingham are pleased to present to you this mixed-use investment opportunity to acquire a substantial, vacant three-storey building, built circa 1900s, occupying a prominent corner position just 200m from Bournville Station. The property is in need of refurbishment and modernisation.

Situated in an extremely sought-after residential location, this mixed-use property presents a fantastic opportunity to add value through refurbishment and potential reconfiguration of the existing layout (STPP). With the option to convert entirely to residential use or retain its mixed-use status, there is significant potential to increase value and achieve a strong return on investment.

The property briefly comprises a ground floor retail area, store, and staff rooms, along with a lounge, shower room, and kitchen. The upper floors are accessed via two staircases, with the first floor offering an additional living room, kitchen, and bathroom. The top floor features two double bedrooms.

Externally, there is a rear garden and two garages, both of which offer development potential, subject to planning permission (STPP).

Ground floor retail unit 4.88m x 4.67m

Ground floor store room 4.83m x 1.17m

Ground floor staff room 3.38m x 3.21m

Ground floor shower room 2.65m x 2.14m

Ground floor lounge 3.79m x 3.06m

Ground floor kitchen 2.7m x 2m

1st Floor living room 3.97m x 3.62m

1st floor kitchen 4.95m x 3.41m

1st floor shower room 3.71m x 1.72m

2nd floor bedroom 3.96m x 3.6m

2nd floor bedroom 3.96m x 2.74m

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Vacant possession upon completion.

Auction Details

The sale of this property will take place on the specified date by way of an Auction Event and is being sold under an Unconditional sale method.

Binding contracts of sale will be exchanged immediately at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be governed by 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 (subject to a minimum of £6,000 inc. VAT)

The Buyer’s Fee does not form part of the purchase price; however, it will be taken into account when calculating Stamp Duty Land Tax (or Land and Buildings Transaction Tax for properties located in Scotland), as it forms part of the chargeable consideration for the property.

Additional fees may be detailed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must review the Legal Pack carefully prior to bidding.

Additional Information

For comprehensive details regarding all auction methods and sale types, please refer to the Auction Conduct Guide, available on the SDL Property Auctions homepage.

This guide includes information on the registration process, payment responsibilities, and how to access the Legal Pack (and any relevant Home Report for residential properties in Scotland).

Guide Price & Reserve Price

Each property offered is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is provided solely as an indication to help buyers assess their interest. A full definition can be found in the Buyers Terms.