Wheelwright Road, Erdington, Birmingham
£250,000

Midland Residential is pleased to present this mid-terrace part commercial and residential property ideal for investment purposes. Having a shop area on the ground floor (currently used as a barber shop) consisting of a main shop area with a separate WC to the rear. Whilst also having a separate independent front entrance leading to a split-level flat spread over 3 floors. On the ground floor: an enclosed hallway, kitchen, communal hallway, two bedrooms, shower room & WC, communal lounge. With sShop Appproach
Having roller shutters to the fore, with double opening glazed doors and glazed side panels.

Shop Area (4.16 x 4.07 (13'7" x 13'4"))
Currently used as a Barbers Shop, having tiled flooring, ceiling light point, smoke alarm, electric fuseboard housed in an enclosed cupboard, with door leading to:

W/C (1.03 x 1.37 (3'4" x 4'5"))
Having tiled flooring, wash hand basin, close coupled w/c, ceiling light point

Flat Entrance (3.15 x 1.22 (10'4" x 4'0"))
Having a UPVC front door, laminated flooring, ceiling light point with door leading to:

Kitchen (3.11 x 3.81 (10'2" x 12'5"))
Having vinyl flooring, ceiling light point, fitted wall and based units, stainless steel sink, electric water heater, Upvc double glazed window to the rear, with door leading thereof.

Communal Hallway (7.91 x 1.02 (furthest points) (25'11" x 3'4" (furt)
Having a fitted carpet, Upvc door leading to the side elevation with access to the first floor, ceiling light points, fire alarm break glass point, emergency lighting point, consumer fuseboard, and doors leading thereoff.

Downstairs Shower Room (2.12 x 1.39 (6'11" x 4'6"))
Having vinyl flooring, wash hand basin with tap over, close coupled w/c, enclosed shower cubicle, triton electric shower, electric water heater, ceiling light point, extractor fan

Bedroom 1 (4.00 x 1.80 (13'1" x 5'10"))
Having a fitted carpet, ceiling light point, electric wall mounted radiator, Upvc double glazed window to the side elevation

Bedroom 2 (3.93 x 1.80 (12'10" x 5'10"))
Having a fitted carpet, ceiling light point, electric wall mounted radiator, Upvc double glazed window to side elevation.

Reception Room (4.24 x 2.83 (13'10" x 9'3"))
Having a fitted carpet, electric radiator, recessed ceiling spotlights, emergency light point, fire alarm button, Upvc double glazed window and door to rear.

1st Floor Hallway (3.57x.3.43 (furthest points) (11'8"x.11'3" (furthe)
Being accessed from an external staircase through the back yard, having a Upvc entrance door, fitted carpet, electric consumer fuse board, fire alarm break glass point, emergency lighting points, ceiling light point with door leading thereof

Bedroom 3 (2.37 x 2.96 (7'9" x 9'8"))
Having a fitted carpet, electric radiator, ceiling light point, Upvc double glazed obscure glass window

1st floor bathroom (2.26 x 1.52 (7'4" x 4'11"))
Having vinyl flooring, wash hand basin with taps over, close coupled w/c, shower enclosure with electric shower, electric water heater ceiling light point, extractor fan

Bedroom 4 (3.51 x 2.25 (11'6" x 7'4"))
Having a fitted carpet, electric radiator, ceiling light point, smoke alarm, UPVC double glazed window to fore.

Bedroom 5 (3.51 x 3.08 (11'6" x 10'1"))
Having a fitted carpet, electric radiator, ceiling light point, smoke alarm, UPVC double glazed window to fore.

2nd floor kitchen (3.37 x 3.30 (11'0" x 10'9"))
Having a fitted carpet, electric radiator, a selection of base units with a Logic cooker, slash back wall tiles to worksurface area, electric water heater, two rooflight windows, smoke/heat detector, 2 ceiling light points

Potential Investment Returns
We are informed by the landlord (though not seen proof): The landlord currently benefits from a rental return of £1600pcm for the flat, and £1200pcm for the shop.

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 Variable Fee (England and Wales).

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 auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyers 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 Price

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.