47-50 Hockley Hill, Birmingham, B18 5AQ
- SIZE
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- SECTOR
Office for sale
Key features
- The property is held on a virtual freehold basis (999-year lease) with effect from June 2021 at a ground rent of £1 per annum (if demanded). Vacant possession upon completion. A copy of the...
Description
The property comprises a suite of modern offices over ground floor and basement, with a large canteen / kitchen area and WCs. The property was previously used for educational / training purposes and is considered suitable for a continuation of this use. The property may also lend itself to a variety of alternative uses including residential, retail or community, subject to any necessary planning permission. There is a plant room located within the ground floor containing central heating equipment serving the floors above. Please note, the upper floors do not form part of this sale. Please refer to the legal pack for a copy of the lease and title plan.
Accommodation
The property extends to approximately 6,061 sq ft (563 sq m).
We have not undertaken a measured survey and all interested parties must seek their own verification of floor areas and dimensions and the suitability of the building for their proposed future use.
Location
The property occupies a prominent position overlooking Hockley Hill, on the edge of Birmingham City Centre and the Jewellery Quarter. Hockley Hill is a busy slip road leading onto the A41, which leads directly to the City Centre. The Hockley Circus roundabout, at the foot of the slip road, forms part of the cities inner ring road system. The A38M is located approximately 1 mile distant connecting the M6 motorway and Birmingham City Centre to the national motorway network, whilst Junction 1 of the M5 Motorway is located approximately 3 miles from the property.
Energy Performance Rating
See legal pack
Tenure
The property is held on a virtual freehold basis (999-year lease) with effect from June 2021 at a ground rent of £1 per annum (if demanded). Vacant possession upon completion. A copy of the lease documentation will be available for inspection within the legal pack.
Value Added Tax
We understand VAT is not applicable on this transaction.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.
Viewing Times
Strictly by appointment with the Auctioneers. Please complete the request a viewing' form or contact the office.
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 available on Bond Wolfe’s website), 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. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’ on the Bond Wolfe website, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. 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.
Brochures
47-50 Hockley Hill, Birmingham, B18 5AQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Jewellery Quarter Tram Stop0.3 miles
- St. Paul's Tram Stop0.6 miles
- Soho, Benson Road Tram Stop0.8 miles
Notes
Disclaimer - Property reference 312484. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bond Wolfe, Commercial Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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 Bond Wolfe, Commercial Auctions on 0121 661 3683.
*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.
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