Studio flat
A superb fourth floor studio apartment located in the heart of the Birmingham city centre just off New Street. All city centre amenities on the doorstep including New Street train station, all major restaurants bars and shops.
Furnished to a high standard including all major white goods and a dishwasher and benefiting form under floor heating throughout.
Ideal for any professional single or couple looking for the perfect city flat or the investor looking for their next investment.
Currently rented under a AST agreement at £600 per calendar month which has ended and continues under a rolling contract. We have been informed by the vendor that the rent will be increasing to £675 per calendar month on 12th January 2023. Please note that we have not been provided with a copy of the tenancy agreement and cannot verify the tenancy information. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Leasehold Term: 150 years (less 5 days) from 24 December 2002. Ground Rent: We are informed by the seller that the ground rent is £200 per annum.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
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.
Leasehold. Subject to tenancy.
£200
129
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 (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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.
