Laburnum Court, Tamworth Road

For sale by auction.
Jayman offer for sale this ground floor one bedroom apartment at Laburnum Court, Lichfield.
The property requires some modernisation / renovation but is ideally located within walking distance of the city centre. Estimated rental income £700pcm following redecoration.

Well located one bedroom ground floor apartment requiring some modernisation.

Double Bedroom - 3.03 x 3.85 (9'11" x 12'7") - With built in wardobes

Bathroom - With suite comprising of bath with shower over, wc and wash hand basin.

Kitchen - 1.83 x 4.55 (6'0" x 14'11") - With cooker and fridge/freezer and a range of storage cupboards.

Lounge/Diner - 4.11 x 3.94 (13'5" x 12'11") - Spacious Lounge / Diner with window to rear.

Two Storage Cupboards -

Service Charge - Current service charge approx. £600 per annum (*to be confirmed by solicitors).
54 years on lease remaining.
£22,500 premium to extend lease to 90 years.

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Auction Information - 1 Laburnum Court, Lichfield WS14 9EZ
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 4.8% of the purchase price (subject to a minimum of £6,000 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.