Studio for sale

* NEW INSTRUCTION * STARTING BIDS £65,000 *

* ATTENTION INVESTORS / LANDLORDS - IS THIS YOUR NEXT INVESTMENT PURCHASE? *

* OFFERING A VERY ATTRACTIVE 11% ANNUAL GROSS YIELD

* NO UPWARD CHAIN * A well presented first floor studio apartment situated at the foot of The Lickey Hills. The accommodation briefly comprises a communal entrance, stairs to; entrance, bedroom/lounge, kitchen, dressing area and shower room/WC. Externally there is allocated parking and communal gardens.

LOCATION
This property is conveniently situated for those buyers looking for easy access to the many and varied amenities in Rubery Village which include shops, cafes, supermarkets and schooling to accommodate all age groups. The property benefits from transports links located close by giving access to Birmingham City Centre and the wider network. The property is also situated at the foot of the Lickey Hills ideal for those who enjoy walking.

Tenure: LEASEHOLD (78 years remaining)
Annual Ground Rent: £120.00
Annual Service Charge: £120.00

Council Tax Band: A
EPC Rating: D

Auctioneers Note:
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, I am sold.
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 4.5% of the purchase price including VAT, subject to a minimum of 6,600.00 inc 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 I am sold 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 I am sold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.



IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QBV250010/2