Bantry Close, Sheldon, Birmingham, B26 3LR
Contact AgentHouse Hub Sales and Lettings Ltd, Rubery
About the Property
FOR SALE BY MODERN METHOD OF AUCTION ** FIRST TIME BUYER or INVESTMENT OPPORTUNITY** Purpose built Ground Floor Apartment ** Two Bedrooms ** Garage in Separate Block ** Ideal location with easy access to local retail outlets and transport links to Birmingham Airport, Birmingham City Centre and Solihull Town, Call Now to arrange a viewing on 0121 453 2106.
- FOR SALE BY MODERN METHOD OF AUCTION
- GROUND FLOOR APARTMENT
- TWO DOUBLE BEDROOMS
- FITTED KITCHEN
- THROUGH LOUNGE
- WARM AIR HEATING SYSTEM & DOUBLE GLAZED
- GARAGE SEPARATE BLOCK
- EXTENDED LEASE
- IDEAL INVESTMENT
- NO UPWARD CHAIN
AUCTIONEERS COMMENTS This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
SUMMARY DESCRIPTION Purpose built Ground Floor Apartment with Garage in Separate Block which is located within a popular residential development and is an ideal location with easy access to local retail outlets and transport links to Birmingham Airport, Birmingham City Centre and Solihull Town, Call Now to arrange a viewing on 0121 453 2106.
LOUNGE 11' 7" x 21' 7" ( 3.53m x 6.58m ) Double glazed window and double glazed patio doors to rear elevation
FITTED KTICHEN 11' 6" x 13' ( 3.56m x 3.96m ) Double glazed window to fore, range of base and wall mounted units with work surface over, incorporating a stainless steel sink/drainer, oven and hob with extractor hood above, door to cupboard housing warm air unit
VESTIBULE Doors to cupboard housing warm air unit and further doors to
BEDROOM ONE 11' 7" x 11' 5" ( 3.53m x 3.48m ) max into wardrobes Double glazed window to rear elevation, built in wardrobes
BEDROOM TWO 11' 5" x 9' 9" ( 3.48m x 2.67m ) max into wardrobes Double glazed window to rear elevation, built in wardrobes
BATHROOM Double glazed window to front elevation, low level wc, wash hand basin, bath with shower over, tiling
RENTAL YIELD POTENTIAL The property has been fully managed by House Hub Sales and Lettings for many years, the most recent rent received was £660 pcm in its current condition. House Hub believe that if remedial work is undertaken rental values could be between £700 - £725pcm. This presents a fantastic opportunity for potential investors or landlords with a yield of around 6.60% in it's present condition.
TENURE - LEASEHOLD The agent has been advised that there are 132 years remaining (189 years from 1962)
Service Charge - £530 every six months
An additional £500 is payable for roof refurbishment 2020 -2021
Consumer Protection from Unfair Trading Regulations 2008
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. References to the tenure of a property are based on information supplied by the seller. The Agent has not had sight of the title documents. A buyer is advised to obtain verification from their solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.