Flat
DRAFT DETAILS
A superb two bedroomed city centre apartment situated within Birmingham city centre.
Situated in a modern, purpose built building which is well placed for a wide range of amenities and public transport links.
Full width balcony with views.
In good order throughout and offered let out. A great hands off investment with income from day one.
Currently let at £880 per calendar month / £10,560 per annum.
Reception hallway, kitchen, lounge/diner, master bedroom with en-suite, bedroom two, bathroom, full width balcony.
Please be advised that the auctioneers have not personally inspected the property, therefore room measurements will not be provided. The photos have been supplied by the seller and illustrate the property before it was let. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Length of lease: 150 years from 1 April 2003. Current ground rent: £1,005 pa. Ground rent review period: TBC. Current service charge: £2,400 pa. 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. Subject to tenancy.
£1,005
£2,400
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.
