Terraced House
A two bedroomed mid-terrace property located in the highly popular Handsworth area of Birmingham, which would make a fantastic investment for a buy to let investor. It has three downstairs reception rooms, kitchen, bathroom and two bedrooms.
The accommodation benefits from gas central heating and double glazing throughout. The property is currently let producing £500 pcm.
The Auctioneers have not inspected the property internally, but believe it to comprise:
11 ft 3 x 11 ft 0
11 ft 1 x 11 ft 0
9 ft 1 x 6 ft 0
12 ft 4 x 5 ft 7
11 ft 4 x 11 ft 1
11 ft 2 x 8 ft 2
The property is let on an Assured Shorthold Tenancy dated 13 July 2018 for a term of 12 months, producing £500 pcm (£6,000 per annum).
Please note viewings may be subject to change or cancellation. Please call the office to book into an appointment.
Open house viewing on Sunday 1st September 11:00 - 12:00
Freehold.
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.
