Apartment
An excellent investment opportunity to acquire a prestigious and luxury 2 bedroom, 2 bathroom apartment with 24 hrs concierge within the sought after B1 postcode of central Birmingham.
The current tenants leave on Feb 23rd opening up an opportunity to generate a handsome yearly rental income in the region of £15k offering a 15% gross return against the guide price.
A spacious 2 double bedroom, 2-bathroom apartment with a communal roof terrace to soak in the incredible Birmingham City centre skyline.
With a B1 postcode - located in the heart of Birmingham next to the iconic cube building and Mailbox which houses the BBC and designer stores. A 10-minute walk to Birmingham New Street Station and famous Bull Ring shopping centre.
Leasehold. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding 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.
