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11 Stanmore Road, Harborne, Birmingham, West Midlands B16 9ST

Lot no: 74 Sold at Auction for £300,000
 

Guide Price £275,000+ 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 27th October 2022

10.00am
Key Features
  • Block of 3 flats
  • Income of £22,440 per annum
  • Freehold
  • Great investment
  • Good order throughout
  • Great letting location
  • EPC Ratings: D, C, D
  • Council Tax Bands: A,A,A
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Sold at Auction for £300,000

Block of Apartments

Property Description:

DRAFT DETAILS

A block of 3 apartments in a handsome semi-detached property.

A block of 3 apartments located in an enviable position. Close to an excellent range of local amenities, transport links and Birmingham centre.

1x one bedrooms flats and 1x two bedroom flat.

The property is in general good order throughout and each flat is self contained and have their own utility supplies.

Offered fully let at a combined income of £22,440 per annum.

Parking for 1-2 cars to the front and an enclosed rear garden with stores.

A perfect investment opportunity in great location with income from day one.

Ground Floor

Communal Entrance Hall with stirs to upper floors along with emergency lighting and fire alarm system.

Flat One- Ground Floor - Let at £695 pcm

Reception Hallway <br>Lounge / DIner<br>Kitchen <br>Bedroom <br>Bathroom

Flat Two - First Floor - Let at £675 pcm

Reception Hallway<br>Lounge / Diner<br>Kitchen <br>Bedroom 1<br>Bedroom 2<br>Bathroom

Flat Three- Second Floor - Let at £500 pcm

Reception Hallway <br>Lounge / Kitchen <br>Bedroom <br>Bathroom

Outside

Parking for 1-2 cars to the front. <br>Enclosed rear garden with stores.

Tenure:

Freehold. Subject to tenancy.



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 (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.


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 £1074 inc. VAT

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

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.

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.