30 Mary Ann Street, Birmingham, West Midlands B3 1RL

A leasehold commercial investment opportunity located in the basement of 30 Mary Ann Street, an impressive former Georgian townhouse, having a dedicated entrance on Mary Ann Street and producing £34,728.75 P/A (no VAT) held on a 6 year term 28/09/2022 - 27/09/2028 trading as a Thai restaurant.

The premises extend circa 2960sq ft (valuation Office figures).

UNDERLEASE: An underlease for a term of 99 years and 3 days commencing 01/01/1986 leaving 59 years remaining.

GROUND RENT: The ground rent is £175.00 for the first 25 years rising to £1,050 for the next 25 years, then £2,100 for the next 25 years and £4,200 in the final 24 years.

We have been informed there are arrears at the time of instruction. Interested parties are advised to inspect the legal pack form more information.

The property sits on Mary Ann Street on the corner of St Pauls Square giving it one of the most sought after locations within the city. The local area comprises a vibrant mix of restaurants bars, offices and apartments. On street parking is available within the vicinity.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 2.6% inc. VAT of the purchase price (subject to a minimum of £4,000 inc. VAT)

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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding 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.