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448 Gillott Road, Edgbaston, Birmingham, B16 9LR

Lot no: 16 Sold at Auction for £320,000
 

Guide Price £275,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 14th February 2019

11.30am
Key Features
  • Ideal investment opportunity - Current rental income £30,000 per annum
  • An end-terrace property refurbished to a high standard
  • Offers six en-suite rooms
  • Excellent location in the highly regarded Edgbaston
  • EPC Rating: E
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Sold at Auction for £320,000

End of terrace house

Property Description:

The property is set over three floors and is conveniently located in the highly regarded location of Edgbaston, situated within close proximity to Hagley Road, within easy reach of the city centre and public transport links. The property benefits from a spacious kitchen to the ground floor, gas central heating and double glazing. Fully integrated fire/smoke alarm system with control panel and emergency exit lights throughout the property. Independent electrical meters, independent fuse boxes and intercoms per room.

The property is currently let on an Assured Shorthold Tenancy until May 2019 generating £30,000 per annum.

Internal inspections are strongly advised.
The accommodation comprises:

Ground Floor

Entrance Porch
Entrance Hallway
Two en-suite rooms
Spacious kitchen
Utility Room
Downstairs WC

Access to Cellar

with scope to build additional room

First Floor

Landing
Three en-suite rooms

Second Floor

One en-suite room with scope to build another room in to the attic eaves

Outside

Rear courtyard style garden

Tenure:

Freehold. Subject to tenancy.


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.