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278 Hagley Road, Birmingham, B17 8DJ

Lot no: 151 Re-entry to a future auction
 

Guide Price £680,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 25th February 2021

10.30am
Key Features
  • £52,000 per annum rental income
  • Fully repairing lease
  • Potential to redevelop (STP)
  • 18 Bedrooms
  • EPC Rating: C
  • Investment opportunity
  • Visit sdlauctions.co.uk to register
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Re-entry to a future auction

Detached house

Property Description:

This impressive eighteen bedroomed property is currently let out on a 4 year fully repairing rental agreement and returning £52,000 per annum. The site is also prime for redevelopment with the potential to build two blocks of apartments one to the front and one to the rear (subject to any necessary consents).

GROUND FLOOR:

Hallway
Office
Lounge
Kitchen
Four Bedrooms
Bathroom and WC

FIRST FLOOR:

Eight Bedrooms
Bathroom and WC

SECOND FLOOR:

Six Bedrooms
Bathroom and WC

OUTSIDE:

Parking to the front with access to the rear garden.

Tenure:

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.