Mixed use

For Sale By Public Auction on 24 October 2024 starting at 08:30 AM - A vacant freehold former restaurant with four bedroom living accommodation over first and second floors, within a popular and busy High Street location



An attractive three storey mid terraced property, comprising on the ground floor the former Siam Restaurant, having the main restaurant area with a small bar, inner lobby with access to a large cellar, kitchen and washing area.
The upper floors provide spacious living accommodation, on the first floor there is a landing, large lounge, kitchen, bathroom and two bedrooms. On the second floor there are two further bedrooms and bathroom. The property benefits from a gas fired central heating system. The property has a strip of land at the rear leading to Valentine Road, which can be accessed from the door at the top of the terraced court yard
There is a rear brick yard area and pleasant stepped terraced area that would suit outdoor seating.

Location
The property lies to the eastern side of the main A435 High Street, Kings Heath, just south of its junction with Valentine Road and on the borders with Moseley.
The property lies adjacent to the popular Station Pub and Bridge House, a new development of one and two bedroom luxury apartments due to be completed in 2025.
The property will benefit from its close proximity to the new Kings Heath Railway Station, which is currently under construction when the Camp Hill line is reopened, currently rescheduled for the Autumn of 2025.

Energy Performance Rating
See legal pack.

Tenure
Freehold Vacant possession upon completion.

Planning
The property is considered to occupy an excellent location for a variety of alternative uses, subject to obtaining any planning consents, including a continuation of a restaurant, bar, cafe, retail and offices. All interested parties must make their own enquiries with the Local Planning Authority and satisfy themselves of any use they may propose.

Value Added Tax
We understand VAT is not applicable on this transaction.

Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.

Viewing Times
Strictly by appointment with the Auctioneers.

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.

*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 £2,160 inc VAT (£1,800.00 + 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.