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Apartment 2102, Fabrick Square, 1 Lombard Street, Birmingham, B12 0AE

Lot no: 80 Sold at Auction for £120,000
 

Guide Price £110,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Tuesday 30th June 2020

10.30am
Key Features
  • One bedroom first floor apartment
  • Fabrick Square development on Lombard Street in Digbeth.
  • Ideal first time purchase or investment opportunity
  • Convenient location for Birmingham city centre
  • EPC Rating: B
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Sold at Auction for £120,000

Apartment

Property Description:

Excellent opportunity to purchase this 1st floor one double bedroom corner apartment in the Fabrick Square development on Lombard Street in Digbeth. Briefly comprising of entrance hall, open plan lounge and kitchen with built-in appliances, generous size master bedroom and a modern fitted bathroom suite. Perfect for first time buyers or buy to let investors.

Located in the Fabric Square development completed in 2018 (sold out within 3 weeks). Within easy access to the citys amenities such as Grand Central and The Bullring.

Ground Floor:

With access to -

First Floor Apartment:
Entrance Hall

3.07m x 0.9m
Entrance hall with storage cupboard, radiator, laminate flooring and ceiling light.

Kitchen

4.98m x 3.18m
Granite effect work surface with built-in wall and base units, stainless steel sink with drainer, integrated electric oven with integrated electric hob and over hob extractor canopy. Laminate flooring and ceiling light.

Lounge

4.98m x 3.18m
Double glazed window, radiator, laminate flooring and ceiling light.

Bedroom

4.98m x 2.9m
Double bedroom with double glazed window, radiator, carpeted flooring and ceiling light.

Bathroom

1.6m x 2.5m
Low level WC, panelled bath with mixer tap, shower over bath, wash hand basin with mixer tap, extractor fan and shaving point. Heated towel rail, tiled flooring and spotlights

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 Variable Fee (England and Wales).

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 fees apply:

  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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 Price
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.