For Sale by under the hammer online auction. Tuesday 19th-21st December 2023. Guide Price £10,000. A one bedroom ground floor investment apartment currently achieving £530PCM.

VIEWING DAYS & TIME:

Please contact Royal Estates for viewing availability. 

A studio ground floor investment achieving £530PCM, situated in close proximity to Birmingham City Centre having having excellent commuter links into the City, the property comprises of: entrance hallway, an open plan kitchen/ living room/ bedroom and a separate  family bathroom. 

Externally the property benefits from a communal rear garden and ample communal parking.

The property is currently in need of minor refurbishment but is surrounded by well presented properties on a residential road, having huge upward potential for someone looking to add value.

This property would make an excellent investment property with a high yield.

The property will be sold with vacant possession upon completion

Council Tax Band: A

EPC Rating: E

Service Charge: £68PCM (please see legal pack for further information) 

Lease Length: 81 Years (please see legal pack for further information) 

Ground Rent: £50PA (please see legal pack for further information) 

Please note that the completion date for this property will not be effected by the Christmas period. 

BIDDING

For bidding please visit: underthehammer. com

*START PRICES & RESERVE PRICES

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.

EPC

EPCs can be viewed in full on our website underthehammer. com on the sales details page or in the legal pack.

UNCONDITIONAL AUCTION DETAILS

Contracts are exchanged immediate at the end of the auction and a 10% deposit will be taken from the highest bidder. THIS DEPOSIT WILL CONTRIBUTE TOWARDS THE PURCHASE PRICE.

Completion will be 4 weeks. (28 days)

Every buyer must first create an account at underthehammer. com Remote bidding facilities are also available, contact the auction office for further details.

FULL TERMS & LEGAL DOCUMENTATION

Available at underthehammer. com

Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers.

Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.