Flat
A two bedroomed flat for sale located in Handsworth Wood. The flat is located close to local amenities such as One Stop Shopping Centre and Hamstead Village. The flat benefits from excellent transport links in to Birmingham city centre.
This is a great investment opportunity.
The Auctioneer has not inspected but believe the property to comprise:
The flat may be subject to service charge and ground rent. All interested parties are asked to refer to the legal pack for further information and seek legal advise should they have any queries regarding its content.
We are informed the property is let on Assured Shorthold Tenancy producing an income of £495 pcm (£5,940 per annum). The Auctioneers have not verified the tenancy agreement and all interested parties should seek clarification from the legal pack.
Leasehold. 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.
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