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21 St Matthews Road, Smethwick, West Midlands B66 3TP

Lot no: 26 Re-entry to a future auction
 

Guide Price £250,000 plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Wednesday 12th December 2018

10.30am
Key Features
  • Freehold semi detached triple fronted property separated into three separate houses
  • Close to all local amenities, transport and 1 minute walk from the new Midland Metropolitan Hospital
  • Double glazing throughout, off street parking, gas central heating, conservatory and garden
  • EPC Rating: E
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Re-entry to a future auction

Semi-detached house

Property Description:

Freehold semi detached triple fronted property separated into three separate houses, close to all local amenities, transport and 1 minute walk from the new Midland Metropolitan Hospital. We have been informed by the vendor that the property has been generating between £26k - £33k previously and when fully let.

A triple fronted property comprising 10 rooms, 3 kitchens and 4 shower rooms. Double glazing throughout, off street parking, gas central heating, conservatory & garden.
Fully integrated fire/smoke alarm system with control panel throughout the house with emergency exit lights.

We understand the main house is vacant, the second house is let at £550 pcm and the third studio house is let at £450 pcm.

Main House

Five bedrooms, two reception rooms/bedrooms, kitchen diner, upstairs shower room and ground floor shower room, conservatory, fitted kitchen diner, spacious cellar and drive for off street parking.

Second House

Private entrance from side, one bedroom, reception/bedroom, fitted kitchen diner, upstairs bathroom with integrated shower.

Third House

Fully detached studio flat with own private entrance from side, bedroom, kitchenette and large shower room.

Tenure

We understand the property is Freehold and is part let/part vacant.

Viewings

Strictly by arrangement with the Auctioneers.

Tenure:

Freehold. Part let/part vacant.



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 auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT

The Buyer’s 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
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.