Flat
A one bedroom first floor Maisonette in a purpose built block.
The property comprises
Hallway, Lounge, Kitchen, Bedroom, Bathroom and benefits from Gas central heating and uPVC double glazing.
Well placed for local amenities and gives easy access to Birmingham City Centre. The M6 and A38 are also only a few minutes away.
The property has been previously let at £625 pcm/£7500 per annum and would make a superb buy to let investment.
Now offered with vacant possession.
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.
Term, 125 years from 9 January 1984. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Prospective buyers are to note that the legal pack does not include the freeholders title documents or a leasehold sale pack and are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
River and Coastal Flooding: High<br>Groundwater Flooding: Moderate<br>Surface Water Flooding: Negligible
These sales details are awaiting vendor approval.
Leasehold. Vacant possession upon completion.
£10
86
£200
- Heating Supply: Gas Central, Double Glazing
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street
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.
