Apartment
A large one-bedroom apartment located along Sherborne Street, Birmingham City Centre. This spacious apartment is well situated a few minutes walk to Brindley place, Broad Street and all transport links including the tram.
The apartment benefits from a large open plan kitchen/living room with fully equipped kitchen and integrated appliances, family bathroom with bath and plenty of storage space, along with a parking space.
We have been advised the apartment is currently let on an AST for 900pcm. There is scope to increase the rent with current 1 beds going for £950pcm and those with parking circa £1,000.
Interested parties are advised to inspect the legal pack for more information.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Lease term of 125 years from 1 March 2004. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Cavity wall, as built, insulated (assumed).
Rivers and Seas Very low. Surface Water Low.
Standard 16 mbps. Superfast 192 mbps. Ultrafast 1000 mbps.
O2, EE, Three and Vodafone are available.
BT and Sky are available.
These sales details are awaiting vendor approval.
Leasehold. Subject to tenancy.
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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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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 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.
