Block of Apartments
SDL Auctions are delighted to offer this stunning range of nine apartments, a mix of one and two bedrooms. This spectacular new development is located close to a wide range of amenities with easy access to Solihull town centre and Birmingham city centre.
The property was formally an office building, recently converted, whilst carried out to an incredibly high standard and specification, comprising of eight, one bedroomed and one two bedroomed prestigious apartments.
Excellent investment opportunity when fully let producing circa £75,000 per annum on Assured Shorthold tenancies.
All the spacious apartments benefit from a fully equipped fitted kitchen with integrated appliances, shower room, living room, good size living and bedroom areas, whilst the apartments have private intercom systems and assigned car parking spaces.
Olton Wharf provides a superb investment opportunity, internal viewing highly recommended.
Please note that the floor plan shows two mews properties, following completion of the development these are now two, one bedroomed apartments.
Flat 1 – Empty £600
Flat 2 – Let £725 per month
Flat 3 – Let paid 6 months upfront £595
Flat 4 - Let £700 per month
Flat 5 – Let £600 per month
Flat 6 – Let £700
Flat 7 – Let £750
Flat 8 – Empty £895
Flat 9 – Empty £895
Freehold. Part let/part vacant.
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 Fixed Fee.
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 auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s 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
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.
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