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Apartment 188, 41 Essex Street, Birmingham, B5 4TU

Lot no: 125 Sold Prior to Auction
 

Guide Price £102,000+ 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.

Thursday 30th July 2020

10.30am
Key Features
  • A ground floor one bedroomed apartment
  • Full concierge service and within walking distance of Grand Central train station
  • Currently let for £725 per calendar month
  • Excellent investment opportunity
  • EPC Rating: B
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Sold Prior to Auction

Apartment

Property Description:

Briefly comprising of entrance hall with storage cupboard, open plan lounge and kitchen with fitted appliances and internal courtyard views, good size bedroom area with sliding doors into the lounge and a modern fitted bathroom suite. Also with the added luxury of a full concierge service and being within walking distance of Grand Central train station. Located in the iLand development on Essex Street in the China Town area of Birmingham City Centre. Within walking distance of Grand Central train station and The Bullring shopping centre. Perfect location for those wishing to enjoy City living. Currently let for £725 per calendar month until Sept.

Hall 3'6" x 10'10" (1.07m x 3.31m)

Entrance hall with secure intercom entry system, electric heating, laminate flooring, ceiling light and storage cupboard.

Kitchen/Living Room 19'8" x 7'10" (5.99m x 2.39m)

Kitchen area has granite effect work surface, built-in wall and base units, stainless steel sink and drainer, integrated electric oven, electric hob and overhead extractor canopy. Double glazed window, electric heater, laminate flooring, spotlights and ceiling lights.

Bedroom 14'1" x 12'1" (4.29m x 3.68m)

Double bedroom with window looking into the lounge area, electric heater, carpeted flooring and ceiling light.

Bathroom 6'7" x 6'7" (2m x 2m)

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.

Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.

The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to 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 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.