Commercial Property for saleTwo freehold car parks and eight ground rents, Wall Heath, DY6
- EPC Rating:
This property remains available and open to offers following the auction on Wednesday 12th December 2018.
Please contact the auctioneers on 0121 233 5046 for further details.
Two freehold car parks and eight ground rents secured on commercial property. Current gross income £22,298 rising to £25,480 in June 2019.
Two car parks with space for approx. 60 vehicles leased to Co-op for 10 years commencing 1st June 2015 at current rent passing of £22,500 rising to £25,000 from June 2019, along with eight ground rents secured on commercial properties with gross income of £450.50p.a. Interested parties are advised to refer to the legal pack for further lease details.
Unit 10 Albion Parade and No.27 above - Leasehold (999 years)
Retail Unit and Maisonnette. Lease dated 24.7.1985. Current rent £25 (1985-2018) rising to £50 (2018-2051).
Unit 12 Albion Parade and No.25 above - Leasehold (999 years)
Retail Unit and Maisonette. Lease dated 20.3.1984, Current rent £50 (2009-2034) rising to £75 (2034-2059).
Unit 14 Albion Parade and No. 23 above - Leasehold
Retail Unit and Maisonnette. Lease dated 20.3.1984. Current rent £50 (2009-2014) rising to £75 (2034-2059).
Unit 16 Albion Parade and No. 21 above - Leasehold (999 years)
Retail Unit and Maisonnette. Lease dated 31.5.1985. Current rent £25 (1985-2018) rising to £50 (2018-2051).
Unit 18 Albion Parade - Leasehold (999 years)
Retail Unit. Lease dated 10.7.1992. Current rent £100 (1992-2025) rising to
Flat 28 Albion Parade - Leasehold (999 years)
1st & 2nd Floor Maisonnette. Lease dated 24.6.1988. Current rent £100.
Electricity Sub station - Leasehold (60 years)
Lease dated 24.06.1965. Current rent £5.
The site is open for viewings.
By arrangement with the auctioneer 0121 233 5046 or can be booked online www.sdlauctions.co.uk
Conditions of Sale
The Conditions of Sale (also known as the legal pack) will be available to download from our website, www.sdlauctions.co.uk, prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.
Energy Performance Certificates
EPCs can be viewed in full in the legal pack or from the lot information section of our website.
Unconditional Auction Method
Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.
The sale of this lot is subject to a buyer’s administation fee of £1074 including VAT (unless otherwise stated in the important notices), payable on the fall of the hammer.
The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section, or to find out more about any additional fees associated with this property please contact the auction office.
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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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