Flat
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.
The property is sold with a tenant in situ, however the tenant should be vacating on or before completion. As the tenant is a friend of the seller there is no formal tenancy agreement nor any documentation to provide and the buyer buys regardless of whether the tenant remains in situ or not.
99 years from 25 March 1975 and expires 25th March 2074.
£55 per annum until 66th anniversary and for the remainder of the lease £75. Payable half yearly in advance.
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.
There is a balcony replacement project in progress, the seller has paid the £5,150 requested for Sceptre Park Balcony Project.
Property information provided by the seller.
Potential cost to extend the lease is £49,950. 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.
Leasehold. Subject to tenancy.
£55
51
£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.
