Flat
A two bedroom second floor flat in a popular residential development off Holly Lane.
Although the property requires updating, existing features and benefits include a long lease of 285 years remaining, entrance intercom, gas warm air heating, double glazing, useful good size storage cupboard, fitted kitchen, garage in a block close by, and communal grounds and parking.
Desirable location for access to local shops, amenities, sports fields/parkland, schools, and main commuter routes by car/bus. Erdington Cross City Line Railway Station is around 1.5km/0.9 miles.
6ft 10 x 4ft 6 (2.08m x 1.37m)
17ft 6 x 11ft 11 (5.33m x 3.63m)
8ft 2 x 8ft 11 (2.49m x 2.72m)
12ft 6 x 9ft 11 (3.81m x 3.02m)
10ft 0 x 8ft 8 (3.05m x 2.64m)
6ft 7 x 5ft 10 min (2.01m x 1.78m)
15ft 8 x 8ft 2 (4.77m x 2.49m)
The lease is 299 years from 01 Jan 2012. We have been informed the service charge is £1,471.42 per year, reviewed annually, and zero ground rent. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
These sales details are awaiting vendor approval.
Leasehold. Vacant possession upon completion.
285
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Garage En Bloc, Communal
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.
