Flat
A bright and spacious two double bedroom apartment situated near to Snow Hill Station at City Heights.
The property has two double bedrooms, bathroom with shower and bath, fitted kitchen and open plan lounge.
An ideal potential buy to let investment property with estimated rental value of £1,000 per calendar month/£12,000 per annum, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Sitauted in Birminghams Jewellery Quarter, the surrounding area provides all the amenities you could wish for including restaurants, retail shops and bank services all within a few minutes walk.
The apartment is centrally located and is within close proximity of the Bullring shopping centre, Aston University, and the Jewellery Quarter with easy access to the M5 and M6 motorways. If you prefer public transport, there is a bus stop right outside the apartment.
The apartment is also located within close proximity of New Street Station (approximately ten minute walk) and Snow Hill Station (approximately five minute walk).
We can confirm that the property has a full grant for Cladding Remediation works. Please see legal pack for more information.
Secure communal hall, reception hallway, open plan lounge/kitchen/diner, bedroom one, bedroom two and bathroom
System built, as built, insulated (assumed)
TBC
Mains
Mains
Mains
Please be advised that room measurements are currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
These sales details are awaiting vendor approval.
Leasehold. Vacant possession upon completion.
90
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.
