Apartment 198, 51 Sherborne Street, Birmingham B16 8FP

A spacious apartment well situated a few minutes walk to Brindley place, Broad Street and all transport links including the tram. For sale by Unconditional Online Auction.

A large one-bedroom apartment located along Sherborne Street, Birmingham City Centre. This spacious apartment is well situated a few minutes walk to Brindley place, Broad Street and all transport links including the tram.

The apartment benefits from a large open plan kitchen/living room with fully equipped kitchen and integrated appliances, family bathroom with bath and plenty of storage space, along with a parking space.

We have been advised the apartment is currently let on an AST for 900pcm. There is scope to increase the rent with current 1 beds going for £950pcm and those with parking circa £1,000.

Interested parties are advised to inspect the legal pack for more 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 Lease term of 125 years from 1 March 2004. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Construction Material Cavity wall, as built, insulated (assumed).
Flood Risk Rivers and Seas Very low. Surface Water Low.
Broadband (estimated speeds) Standard 16 mbps. Superfast 192 mbps. Ultrafast 1000 mbps.
Mobile Phone Coverage O2, EE, Three and Vodafone are available.
Satellite and Cable TV Availability BT and Sky are available.
Draft Sales Details These sales details are awaiting vendor approval.
Legal Note We have not been provided with evidence of rent increase and cannot therefore confirm the rental figure referred to in our marketing. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure: Leasehold

EPC Rating: B

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Unconditional with Fixed Fee.

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 fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 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.