Beoley Road West, Redditch
£325,000
Guide Price
Property Features
- For Sale by Modern Auction – T&C’s Apply
- Subject to Reserve Price - Buyers Fee's Apply
- A Rare Opportunity to Purchase a Detached Public House
- 7 Bedsitting Rooms Renting at Circa £42,000 Per Annum
- Public Bar Room & Snooker Room
- Male & Female Toilets
- Planning Permission for Conversion of a Rear Function Room to a 2 Bedroom Apartment
- Front Seating Terrace
- Freehold
- Situated in a Most Convenient Location
Property Summary
MODERN AUCTION PROPERTY - T&C's and Buyers Fees Apply. A rare opportunity to buy a detached public house in a popular location. Benefiting from a public bar room, snooker room and male and female toilets. There are 7 rented bedsitting rooms totally circa £42,000 per annum and planning consent for conversion of a rear function room to a two bedroom apartment. The accommodation is completed by a front seating terrace
Full Details
MODERN AUCTION PROPERTY - T&C's and Buyers Fees Apply. A rare opportunity to buy a detached public house in a popular location. Benefiting from a public bar room, snooker room and male and female toilets. There are 7 rented bedsitting rooms totally circa £42,000 per annum and planning consent for conversion of a rear function room to a two bedroom apartment. The accommodation is completed by a front seating terrace
Tenure
We are advised by the vendor that the property is freehold, but are awaiting confirmation from the vendor's solicitor. We would advise all interested parties to obtain verification through their own solicitor or legal representative
PROPERTY MISDESCRIPTIONS ACT
SMART HOMES have not tested any equipment, fixtures, fittings or services mentioned and do not by these Particulars or otherwise verify or warrant that they are in working order. All measurements listed are given as an approximate guide and must be carefully checked by and verified by any Prospective Purchaser. These particulars form no part of any sale contract. Any Prospective Purchaser should obtain verification of all legal and factual matters and information from their Solicitor, Licensed Conveyancer or Surveyors as appropriate.
Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, Brookvale Auctions
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee, this being £10,000.00 plus VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with Brookvale Auctions and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee, this being £10,000.00 plus VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with Brookvale Auctions and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.