Warwick Road, Tyseley, Birmingham

An investment opportunity to buy two flats, a garage & workshop, 5 miles from Solihull & walking distance of Tyseley Train Station. Offering a return of between 6.8% to 7.8%.

Offered for sale with no onwards chain, this property comprises; entrance hallway with a door leading into the ground floor flat & stairs rising to the first floor flat.
The ground floor flat comprises; living room with a bay window & access into the rear lobby, which leads onto bedroom one & kitchen.
The kitchen has a range of base & wall units, sink & drainer, space for white goods & door into further lobby.
This lobby leads out to the rear & also into the shower room.

The first floor flat has a landing that gives access to the kitchen, bathroom lounge & both bedrooms.
It's kitchen has been re-fitted & upgraded & has a range of base & wall units integrated oven & hob sink & drainer & space for white goods.
The shower room has a shower cubicle, W.C & vanity wash basin.
Bedrooms one & two have built in wardrobes.
Externally, there is a garage/workshop & a driveway for several vehicles. The garage could be used to run a storage or car business from, subject to any relevant permissions & has lighting & electric roller doors & a courtesy door.
Tyseley is has a range of schooling, shops & supermarkets & is a short drive to Birmingham airport & Birmingham city centre.

Auction - Being Sold by GOTO Online Auction

Starting Bids from £350,000

Buy it now option available

Please call or visit GOTO Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been issued by the vendor’s solicitor. Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.


General Information:
Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.


Buyer Fees
1.Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 3.6% of the purchase price including VAT (this is subject to a minimum amount of £6,600 including VAT) and a Legal Pack fee of £372 including VAT. This secures the transaction and takes the property off the market.
2.Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.
3.
Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.


Key Features:
Being Sold by GOTO Online Auction
Buy-it-now Option available
Buyer’s fees apply