Commercial Property for saleLong Lane, Halesowen, B62 9EP
- A Freehold Ground Floor Retail Unit within a Local Shopping Area, together with Ground Rent from the flat above
- We understand that the ground floor shop is Freehold and vacant possession will be given upon completion. The first floor flat has previously been sold on a Long Leasehold basis for a term of 99...
For Sale By Auction on 8th December 2016
A Freehold Ground Floor Retail Unit within a Local Shopping Area, together with Ground Rent from the flat above
We understand that the ground floor shop is Freehold and vacant possession will be given upon completion.
The first floor flat has previously been sold on a Long Leasehold basis for a term of 99 years from 9th October 1990, at a Ground Rent of £50 per annum.
Full details of tenure will be available within the legal pack.
The property comprises a mid terraced lock-up shop in need of refurbishment. The property is currently configured to provide retail area, partitioned office, kitchen and WC. The office could easily be removed to create a larger retail area.
The property is situated within a parade of similar properties fronting Long Lane at its junction with Nimmings Road. The property lies within a popular and well established mixed residential and commercial area, and is considered suitable for a variety of retail uses subject to any appropriate planning permission.
* Definition of Guide Prices
The guide price is an indication of the seller’s reserve price and is given to assist prospective purchasers. It is usual, but not always the case, that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing. The guide price can be adjusted by the seller at any time up to the day of the auction in light of the interest shown during the marketing period. The guide price can be shown in the form of a minimum and maximum price range within which an acceptable price (reserve) would fall. Please note the reserve price will not exceed the top end of the guide price but the actual sale price can exceed the guide price. On occasions the sale price does exceed the guide price significantly.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Auctions Bigwood, Birmingham on 0121 233 5046.
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