Flat
Solihull is situated in the heart of England and is considered to be one of the most highly sought after residential areas in the country boasting a range of local amenities including excellent schools, colleges, parks, restaurants, bars and an excellent variety of shopping centres including Touchwood shopping centre and the new Resorts World. Solihull has convenient road networks linking the M42, M6, M40, M1 and M5 giving easy access to the NEC Arena, Birmingham International Airport and Railway Station.
This well presented two bedroom apartment comes with a wealth of amenities inc local shops eg Tesco, McDonald's, Aldi, Farmfoods, Sainsburys, local library, primary and secondary schools all within walking distance.
With this property the transport links have never been closer with the main bus route on its doorstep and 2-minute walk to Olton train station taking you directly into Solihull Town Centre and Birmingham City Centre.
The property is located in an excellent catchment area for major employers inc Jaguar Land Rover, NHS Solihull Hospital, McDonald’s, N Power, National Grid as well as all well-known multinational companies which are located in Solihull Town Centre. So, finding a tenant may never be an issue.
The property is sold as an investment generating an income on completion of the sale. Total rental income is £655 pcm/£7,860 per annum, giving a 9.5% yield.
The property benefits from having zero Ground Rent and service charge.
The property comprises:
Communal Hallway with staircase leading to:
11.11 x 10.11ft
9.0 x 9.0ft
Bedroom One - 13.1 x 8.0ft
Bedroom Two - 10.7 x 7.8ft
Communal Gardens, Garage and off road Parking
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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