Flat
DRAFT DETAILS - awaiting vendor approval
A sizeable two double bedroom first floor apartment over the Village Hall in Dickens Heath covering approximately 798 square foot. Located next to the amenities in Dickens Heath Village and with the M42 motorway link close by. Benefiting from double glazing, gas central heating and comprising of secure communal entrance with intercom system, communal staircase to all floors, entrance hallway with fitted storage, large lounge/diner/kitchen with dual aspect glazing, fitted kitchen area with integrated washing machine, electric oven, four ring gas hob with chimney style extractor, bedroom one with fitted wardrobes and fitted bathroom.
Estimated rental value: £1,072 per annum
Based on comparable evidence, the property has a £895 per calendar month
Length of lease: 999 years from 1 January 2003
Current ground rent: £155.88 per annum
Ground rent review period: TBC
Current service charge: £1,216 per annum
Service charge review period: TBC
This information should be clarified in the legal pack and we’ll update the information above when we receive it.
Leasehold. See legal pack.
Auction Details
The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Unconditional with Variable 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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.
