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Flat 3, 141 Kingsbury Road, Erdington, Birmingham, B24 8QT

Lot no: 11 Re-entry to a future auction
 

Guide Price £85,000+ 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 30th April 2020

10.30am
Key Features
  • Second floor two bedroomed flat
  • Well presented accommodation
  • 900+ year lease term
  • Communal driveway, gardens and garage
  • EPC Rating: D
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Re-entry to a future auction

Flat

Property Description:

A second floor two bedroomed flat with a 999 year lease and the benefit of 1/3 ownership of the freehold. This single block of only three flats includes a garage for each dwelling plus additional parking. The accommodation benefits from UPVC double glazing and gas fired central heating. Ideally placed for commuting with major bus routes on the nearby Kingsbury Road and Gravelly Hill; Gravelly Hill train station is 0.5 miles away and M6 junction 6 around 0.9 miles away.

The property comprises:

Ground Floor:

Entrance with access to -

Second Floor:
Hallway

10.8 x 9.11

Lounge

26.3 x 10.4

Kitchen

9.11 x 7.6

Two Double Bedrooms

Bedroom One - 15.0 x 11.0
Bedroom Two - 12.0 x 9.10

Bathroom

6.10 x 5.8

Outside:
Garage, Communal Driveway and Gardens

Garage - 17.8 x 8.6

Tenure:

We are informed the property is leasehold with a term of 999 years from March 1979. We are also informed 1/3 ownership of the freehold is included in the sale. Further details will be confirmed within the legal pack.

Tenure:

Leasehold.


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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