Flat for sale

Overview

For sale on 10 December 2024 The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction. The auction will commence at 10:00. On behalf of Nicholas Humphreys - BirminghamA first-floor 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 £455 per calendar month. Prospective buyers are advised to check the legal pack for further information. Note 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 Information 125 years from and including 1 September 2013. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.Flood Risk Rivers and Seas No Risk. Surface Water Low.Mobile Phone Coverage O2, EE, Three and Vodafone are available.Broadband (estimated speeds) Standard 2 mbps. Superfast 53 mbps.Satellite and Cable TV Availability BT and Sky are available.Construction Material Solid brick, with internal insulation.Draft Sales Details These sales details are awaiting vendor approval.Tenure: LeaseholdEPC Rating: BTerms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type. 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 £4,000 inc. VAT. 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.