Office in Birmingham

Unit 317, Avix Business Centre, 42-46 Hagley Road, Birmingham, B16 8PE
  • Lot No: 35
  • Property Type: Office
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £10,000+ plus fees

Result Sold After Auction

Property Description

A leasehold space situated in the Avix Business Centre, a centrally located purpose built office block which benefits from concierge service and meeting rooms along with some client parking available We have been verbally informed there is an existing tenancy in place paying £174 quarterly from Red Admiral Asset Management. No paperwork has been provided to support this. Interested parties are advised to inspect the legal pack and carry out their own enquiries. Vacant possession cannot be guaranteed and purchasers should rely on their own enquiries and investigations.

Location:

The Avix Business centre is located along the Hagley Road close to the Five Ways Island and can be accessed via Hagley Road and Harborne Road within an affluent part of the City. The Five Ways Train station is within walking distance along with the Birmingham Metro Line (under construction), which will eventually stop adjacent to the office. The area also comprises a number of other businesses and offices with Morrisons next door.


Value Added Tax:

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


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price 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. A full definition can be found within the Buyers Terms.

Auction Details

Date 27th August 2020

Venue National Property Auction
The National Property Auction will be conducted behind closed doors by auctioneers Andrew Parker and Graham Penny. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

Unit 317, Avix Business Centre, 42-46 Hagley Road, Birmingham, B16 8PE