Apartment
A spacious TWO double bedroomed modern apartment situated in the much favoured location of the Jewellery Quarter of Birmingham.
The apartment internally comprises of entrance hallway, open plan lounge/kitchen/diner, bathroom with shower over bath, study/office, two double bedrooms and parking space.
The property benefits from electric controlled heating, double glazing and concierge service. An internal inspection is highly recommended to appreciate the size and quality of apartment on offer.
The apartment is currently let at £825 per calendar month/£9,900 per annum and makes a superb buy-to-let investment with income from day one.
The auctioneers have not inspected toe property internally but believe it to comprise -
With stairs, lift and concierge.
With cupboard storage.
With a modern fitted kitchen with stainless steel sink unit and worktops over. Integrated oven, hob and concealed extractor and double glazed window.
Lounge/Diner with usual tv points, electric heater and double glazed window.
With electric heater and double glazed window.
With electric heater and superb, feature glass block wall.
With electric heater.
With modern suite comprising low flush wc, wash hand basin, panelled bath with shower over, electric heater and extractor fan.
Secure allocated parking space.
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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