Station Road, Birmingham, B23

In partnership with our auction partner 'I Am Sold' Connells Midlands Land & Investment team are delighted to present the opportunity to acquire commercial premises (Class E) situated prominently in Erdington, a suburb to the north of Birmingham.

The accommodation on offer over the site of approximate 0.12 acres comprises approximately 2,600 sq ft of Open Warehouse + ancillary space as well as seven office suites, with the ground floor and exterior currently being used as a car sales forecourt and storage warehouse.

The building is currently occupied by two tenants with lease details available upon request, generating a rental income of £4,716 PCM (£56,599 Per Annum).

The site could also present the potential for residential development/conversion subject to the appropriate permissions.

Viewings are to be arranged via appointment only - please contact Matt Taylor of the Connells Land team for more information.

Business Rates - Interested parties are advised to make their own enquiries as necessary to the local authority for detail.

VAT Status - To be confirmed

Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.