Studio flat
Property Description:
An investment opportunity with excellent potential to obtain a high return on investment located within the City centre of Birmingham. This Studio flat has the potential to generate a return against the guide price of 16% and command a rental income in the region of £800 pcm (£9,600 pa)
The property is located within the heart of Birmingham's thriving centre, close to Brindley place, The Mailbox, Grand Central Station giving access to train and trams in and out of the city
This Studio apartment comes with an EWS1 Pass B1 and service charges of approximately £1,800 per year.
The property is being sold with vacant possession.
Tenure:
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.
