Studio for sale

* For Sale by Modern Auction – T & C’s apply *

Fantastic addition to a property portfolio or a sound first time investment within Birmingham City Centre. Secure allocated parking, low service charge and walking distance to the immediate City.

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Fantastic opportunity to purchase a remarkably spacious studio apartment with separate bedroom and secure allocated parking space.

This immaculately presented apartment is sat within the prestigious development of Fabrick Square which completed in 2018 by leading developer Seven Capital. The location is ideal and placed within an extremely sought after position - a short distance away from the upcoming HS2 Railway, the ever developing Digbeth, and walking distance to The Bullring.

The apartment benefits from neutral tones throughout, beautiful communal gardens and a large bike store for residents. Offered for sale with a readymade investment with tenant in situ.

Tenure: Leasehold
Service Charge: £1,320 Per Annum
Ground Rent: £350 Per Annum
Ground Rent Review Period: Every 10 Years after the first review
Ground Rent Review Amount: In Line With RPI
Next Ground Rent Review: 1st January 2036
Property Construction: Standard
Parking Arrangements: 1 Allocated Space
Electricity Supply: Mains
Water Supply: Mains
Sewerage: Mains
Heating Supply: Electric
Broadband: Refer to Ofcom
Mobile Signal Coverage: No known issues
Building Safety Issues: Remedial works to be completed for EWS1
Restrictions: Clause 24.3 Not to underlet the whole of the Demised Premises other than on an assured shorthold tenancy
Rights And Easements: Standard leasehold
Flood Risks Or Previous Flooding: No
Past Or Present Planning Permissions Or Applications: No
Is the property located in a Coalfield Or Mining Area: No

AGENTS NOTE:
We have not tested any of the electrical, central heating or sanitaryware appliances. Purchasers should make their own investigations as to the workings of the relevant items. Floor plans are for identification purposes only and not to scale. All room measurements and mileages quoted in these sales particulars are approximate. In line with The Money Laundering Regulations 2007 we are duty bound to carry out due diligence on all our clients to confirm their identity. Rather than traditional methods in which you would have to produce multiple utility bills and a photographic ID we use an electronic verification system. This system allows us to verify you from basic details using electronic data, however it is not a credit check of any kind so will have no effect on you or your credit history.

FIXTURES AND FITTINGS:
All those items mentioned in these particulars by way of fixtures and fittings are deemed to be included in the sale price. Others, if any, are excluded. However, we would always advise that this is confirmed by the purchaser at the point of offer.