Lot 12
Auction
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Top Lock House, New Wharf, Tardebigge, B60 1NF

Auction
United Kingdom
Detached House
Residential

Sold for £303,500

Property Summary

  • On the instructions of Canal & River Trust
  • Grade II listed freehold two floor three bedroom former lock house with two reception rooms and a workshop
  • Currently occupied: Assured Shorthold Tenancy at a passing rent of £660 pcm (£7,920 per annum), which is holding over on a statutory periodic basis
  • Pedestrian and vehicular access
  • Large gardens - both sides and rear

Contact Us

John Connolly
John Connolly
Property Agent, here to help.

Contact Us

John Connolly
John Connolly
Property Agent, here to help.

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Tenure

Freehold

Location

Situated on the eastern part of the Worcester and Birmingham Canal in Tardebigge just off Alcester Road. Public transport includes Bromsgrove and Alvechurch Railway Stations. Shopping amenities are either side of the adjacent Bromsgrove Highway in Southcrest and Sidemoor. Recreation facilities can be found locally.

VAT

VAT Not Applicable.

Accommodation

First floor: Three bedrooms, bathroom/wc
Ground floor: Reception room, kitchen, dining room, workshop
Outside: Large garden area that extends to both sides and wraps around the rear of the building

Note: The property to be sold is shown verged in red as per the sale plan in the legal pack. Pedestrian rights of access will be granted over the towpath as indicated in brown (as per the sale plan). Vehicle access rights have also been reserved over the field to the rear of the property which the Trust sold in 2011.

Tenure

Freehold

Tenancy

Currently occupied under an Assured Shorthold Tenancy at a passing rent of £660 pcm (£7,920 per annum), which is holding over on a statutory periodic basis. The rent has not been reviewed for some time.  The AST can be reviewed in the legal pack and prospective purchasers must rely on their own enquiries with regards to 1. Asset management opportunities and 2. Achieving vacant possession


*Terms & Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,250 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,750 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All lots sold “Subject to Vendor Confirmation” will be subject to the acceptance and confirmation by the Vendor. The highest bid will be presented to Vendor, the vendor will have to either accept, decline or make a counter offer the highest bid within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising the offer the Vendor is willing to accept. The Highest Bidder will have to either accept or reject the Vendor’s counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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