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Michaels News, Bearwood, B67
**COMMERCIAL INVESTMENT WITH A 4 BEDROOM FLAT & POTENTIAL FOR A FURTHER FLAT** Royal Estates are proud to present a prominent corner shop located in the busy area of Bearwood, the property benefits from a large commercial shop on the ground floor with a self contained refurbished four bedroom apartment above, the property is currently tenanted as a whole. Excellent potential the property has had previous planning permission for a three bedroom first floor apartment and a ground floor one bedroom apartment; this was granted in March 2007. Application Number: DC/07/47486.
Ground Floor:
Commercial retail corner shop, with a separate storage room and toilets. Total 612sqft including storage area.
First Floor:
A large four bedroom property with two large living rooms, modern kitchen, bathroom and a total of four double bedrooms with a separate study room.
The property is currently achieving £15,000 Per Annum for the whole building.
TENURE
See Legal Pack on www.underthehammer.com
CONDITIONS OF SALE
The Conditions of Sale will be available online at least seven days prior to sale ending 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 end of the auction.
*START PRICES & RESERVE PRICES
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.
VIEWING DETAILS
By arrangement with the partner agents or can be booked online at www.underthehammer.com
EPC
EPCs can be viewed in full on our website www.underthehammer.com on the sales details page or in the legal pack.
CONDITIONAL ONLINE AUCTION DETAILS
Every online bidder must first create an account at www.underthehammer.com/account/create/. This is a very quick and simple process. Once you have registered, you will be able to search, download legal documents, arrange viewings and contact the Agents, Auctioneers and the solicitors if you have queries on the property.
This property is for sale Under The Hammer by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase which allows you up to 56 days to complete on the property which means interested parties can proceed with traditional residential finance.
If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and have 28 days within which to exchange. If you fail to do so, you may lose your reservation fee. During the 28 day reservation period, the seller is not able to accept other offers.
The sale of each Lot is subject to a reservation fee (additional to the purchase price) of 3.5% + VAT (4.2% inc VAT) subject to a minimum £5,000 +VAT (£6,000 inc VAT). The reservation fee does not contribute towards the purchase price. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract.
Full terms and conditions are available at www.underthehammer.com
EPC
Map
Street View
Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.
Michaels News, Bearwood, B67
**COMMERCIAL INVESTMENT WITH A 4 BEDROOM FLAT & POTENTIAL FOR A FURTHER FLAT** Royal Estates are proud to present a prominent corner shop located in the busy area of Bearwood, the property benefits from a large commercial shop on the ground floor with a self contained refurbished four bedroom apartment above, the property is currently tenanted as a whole. Excellent potential the property has had previous planning permission for a three bedroom first floor apartment and a ground floor one bedroom apartment; this was granted in March 2007. Application Number: DC/07/47486.
Ground Floor:
Commercial retail corner shop, with a separate storage room and toilets. Total 612sqft including storage area.
First Floor:
A large four bedroom property with two large living rooms, modern kitchen, bathroom and a total of four double bedrooms with a separate study room.
The property is currently achieving £15,000 Per Annum for the whole building.
TENURE
See Legal Pack on www.underthehammer.com
CONDITIONS OF SALE
The Conditions of Sale will be available online at least seven days prior to sale ending 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 end of the auction.
*START PRICES & RESERVE PRICES
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.
VIEWING DETAILS
By arrangement with the partner agents or can be booked online at www.underthehammer.com
EPC
EPCs can be viewed in full on our website www.underthehammer.com on the sales details page or in the legal pack.
CONDITIONAL ONLINE AUCTION DETAILS
Every online bidder must first create an account at www.underthehammer.com/account/create/. This is a very quick and simple process. Once you have registered, you will be able to search, download legal documents, arrange viewings and contact the Agents, Auctioneers and the solicitors if you have queries on the property.
This property is for sale Under The Hammer by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase which allows you up to 56 days to complete on the property which means interested parties can proceed with traditional residential finance.
If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and have 28 days within which to exchange. If you fail to do so, you may lose your reservation fee. During the 28 day reservation period, the seller is not able to accept other offers.
The sale of each Lot is subject to a reservation fee (additional to the purchase price) of 3.5% + VAT (4.2% inc VAT) subject to a minimum £5,000 +VAT (£6,000 inc VAT). The reservation fee does not contribute towards the purchase price. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract.
Full terms and conditions are available at www.underthehammer.com