Studio flat
A student studio apartment located within a development situated in Alum Rock and within walking distance to Adderley Park train station.
The property comprises an open plan living/bedroom with kitchenette and shower room.
The property is currently let and produces £550 per calendar month.
Prospective buyers are advised to check the legal pack for further information.
Construction Material: Standard brick. Services: TBC. Heating: Room heaters, electric. Coverage: Broadband - Standard and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as high in this area. Satellite and Cable - BT and Sky show as available in this area.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
We have been made aware by solicitors acting on behalf of the landlord of significant arrears and a legals costs liability. Remedy of the breach of the lease will be required so that any risk of forfeiture is removed.
Buyers are referred to the additional sums payable in accordance with special condition 4 (in the document named (SCPC1.02) within the legal pack). Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
Leasehold. Subject to tenancy.
£331
116
£2,952
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. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 Buyers 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 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.
