Mixed Use in Oldbury

574 Hagley Road West, Oldbury, B68 0BS
  • Lot No: 4
  • Property Type: Mixed Use
  • Contract Type: Unconditional

Guide Price* £185,000+ plus fees

Result Sold Prior to Auction

Property Description

The property comprises a two-storey building along the busy Hagley Road West with parking to the front and rear along with security gates allowing for multiple tenants.

574 Hagley Road West

Retail unit extending 360 sqft (35 sqm) with office 41.6sqft (3.8sqm) along with a second office of 77sqft (7.8sqm) ,kitchen facilities and WC.


574B Hagley Road West

Two bedroomed apartment accessed via a separate entrance leading to the first-floor accommodation comprising of a reception hall, living room, bathroom, bedroom 1 123sqft (11.3sqm) and bedroom 2, 90 sqft (8.38sqm)


574C Hagley Road West

Free-standing office to the rear of the site with approximate internal dimensions of 333sq ft (31.02sqm). The office is fitted out with a shower room, w/c and has security shutters.


External Storage Building

Dimensions 30sqft (2.76sqm)


Location:

The property is located in Quinton fronting the busy and popular Hagley Road close to the junction with the Quinton Expressway. This gives access to the M5 Junction 3 motorway and Birmingham city centre approximately 5 miles away. The area is predominantly residential with a busy parade of shops close to the property along with the Quinton business Park and Asda Supermarket within walking distance as well as excellent transport links.


Tenure:

We understand the property is subject to the following tenancies: 574 Hagley Road West - currently let on a lease commencing 17th July 2017 with current rent of £8,400 per annum (subject to review) with a term of 7 years. 574B Hagley Road West - currently let on an Assured Shorthold Tenancy with a current rent of £650pcm. 574C Hagley Road West - Vacant External Storage Unit - Vacant We have not had sight of the leases or agreements and would advise interested parties to inspect the legal pack for more information.


Value Added Tax:

We understand that VAT will not be chargeable on this transaction.


Tenure

Freehold


Conditions of Sale The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers 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. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.   The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.   A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.   *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 lot information section at the top of this page or in the legal pack.   Note 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.   Auction Fees The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + 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 above. Or to find out more about any additional fees associated with this property please contact the auction office.