Semi-detached house
This property is located in a popular area of Erdington with excellent access to the motorway, bus and rail network. Currently the property is let at £730 per calendar month/£8,760 per annum making an ideal investment. The seller informs us that the rent is below the current market rental value, and could potentially achieve £830 per calendar month which equates to £9,960 per annum. The current tenants have been in the property for over five years and the next rent increase is due in June 2021.
The auctioneers have not inspected the property but believe it to comprise of a hallway, two reception rooms, kitchen, bathroom, study and three bedrooms.
Leading to -
13’4” (4.07m) max X 14’ (4.27m) into bay
14’ (4.27m) X 10’3”
8’4” (2.54m) X 8’3” 92.51m
Giving access to -
Leading to -
13’3” (4.04m) max X 12’ (3.66m)
10’9” (3.28m) X 10’ (3.05m)
8’5” (2.57m) X 8’2” (2.49m)
5’7” (1.70m) X 5’6” (1.68m)
Gardens to the front and rear.
Ground floor and first floor plans give a general understanding of the layout of the property but have not been verified by the Auctioneers.
Freehold.
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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