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Flat 17, Emerald Court, Chelmscote Road, Solihull B92 8BX

Lot no: 61 Re-entry to a future auction
 

Guide Price £125,000+ plus fees

Unconditional with Variable 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.

Thursday 25th May 2023

10.00am
Key Features
  • Two Bedroom Apartment with Balcony
  • Single Garage and Ample Parking
  • Prime Location
  • Good Yield
  • EPC Rating: C
  • Council Tax Band: C
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Re-entry to a future auction

Flat

Property Description:

A leasehold two bedroom apartment located in Emerald Court, Chelmscote Road, Solihull.

Benefiting from ample parking, single garage and a balcony. Fully fitted kitchen, bathroom, two large bedrooms and large lounge. The seller has advised the flat front door needs to be replaced with a fire door.

We advise interested parties to inspect the legal pack for more detailed information.


Viewings taking place on Monday 22nd May at 3:00pm and 3:15pm. Please get in touch for more information.

Please note:

6a. The property is sold with a tenant in situ, however the tenant is due to vacate on 31st May 2023. No documentation relating to the tenancy will therefore be provided and the buyer buys regardless of whether the tenant remains in situ or not. The buyer accepts the position and indemnifies the seller of any costs and liability associated with the same.

Leasehold Information

99 years from 25 March 1975 and expires 25th March 2074.

Ground Rent

£55 per annum until 66th anniversary and for the remainder of the lease £75. Payable half yearly in advance.

Service Charge

5 Dec 22 to 24 Jun 23 half year service charge in advance paid £850.13. The final annual service charge for Jan - Dec 21 was £1,600 per flat. Estimated service charge for 2023 is £1,700.25 per flat.

Please Note

There is a balcony replacement project in progress, the seller has paid the £5,150 requested for Sceptre Park Balcony Project.

Note

Property information provided by the seller.

Note

Prospective buyers are advised to make all necessary independent enquiries and refer to the legal pack prior to placing their bid as this will be binding.

Tenure:

Leasehold. Subject to tenancy.

Ground Rent

£55

Unexpired Years

51

Annual Service Charge

£1,700




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 Variable 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 fees apply:

• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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.