Summary - 92, CATO STREET B7 4TS
1 bed 1 bath Commercial Property
Low‑entry auction lot for investors or developers seeking a large plot.
- Freehold interest offered at auction, guide price £20,000
- Freehold subject to 125-year lease; ~88 years remaining
- Ground rent £100 p.a. with rent doubling every 25 years from 2037
- Large plot with industrial/warehouse unit and standard ceiling height
- Sold as seen; utilities may be limited and viewings at buyer risk
- Additional purchaser costs: £3,000 council fee and £2,340 admin fee
- Area described as very deprived; average local crime levels
- No flood risk; excellent mobile signal, average broadband speeds
A freehold interest in an industrial/commercial unit on a large plot in Nechells, offered at auction with a low guide price of £20,000. The site is sold subject to a 125-year lease dated 9 March 1987 (approximately 88 years unexpired) and a current ground rent of £100 per year. The lease includes fixed rent doubling every 25 years from 2037 — examine the legal pack for exact commitments.
This property suits investors or developers seeking a low-cost entry into an industrial plot in a major conurbation. The building is a straightforward industrial unit with large internal space and standard ceiling heights; it appears low-maintenance but is sold as seen. There may be limited utilities on-site, and viewings are at buyer risk — bring appropriate equipment and check services.
Buyers must budget for additional purchase costs: a council professional fee of £3,000, an auction administration fee of £2,340 (incl. VAT), plus any costs shown in the legal pack and standard taxes. No pre- or post-auction offers will be considered — bids accepted at the live-streamed auction only, with remote bidding options available if pre-registered.
Location advantages include excellent mobile signal, proximity to schools and local amenities, and no identified flood risk. Constraints: the area rates as very deprived and has average crime levels; the lease term, future rent doubling, and site covenants/rights must be reviewed thoroughly before bidding.
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