Flat for sale

Overview

** BEING SOLD VIA THE MODERN METHOD OF SALE **ATTENTION INVESTORS / LANDLORDS, OFFERING A VERY ATTRACTIVE ANNUAL GROSS YIELD OF OVER 10%....... STARTING BIDS £55,000!!(CASH BUYERS ONLY DUE TO MINIMUM FLOOR AREA)Welcome to this fantastic studio flat, situated in a popular residential location, this Neutrally decorated property is an ideal opportunity for First Time Buyers or a Buy to Let Landlords. Being offered For Sale with No Onward Chain this property would be and excellent Investment Opportunity, this flat is sure to impress.Upon entering the property, you will find yourself in the open plan Lounge/Bedroom. This versatile space offers plenty of room for entertaining guests or relaxing after a long day. The abundance of natural light that floods through the windows creates a warm and inviting atmosphere.The flat boasts a well-maintained shower room and a functional kitchen, You will appreciate the modern fittings and fixtures throughout, providing both style and comfort.Although the flat does not have any bedrooms, the open plan layout allows for flexible use of the space. Whether you choose to create separate living and sleeping areas or keep it as one large space, the choice is yours.Situated in a convenient location, this property benefits from excellent public transport links, making it effortless to explore the surrounding area. Nearby schools ensure that education is within easy reach, The local amenities provide everything you need, from supermarkets to charming cafes.The property benefits from residents parking and also comes with a desirable Energy Performance Certificate (EPC) rating of D and falls under council tax band A.Don't miss out on this incredible opportunity. Contact us today to arrange a viewing of this delightful studio flat.Tenure: Leasehold (77 Years Remaining) Ground Rent: £10 per year.Service Charge £90 per yearDIMENSIONSOpen Plan Lounge / Bedroom: 14'9 X 8'11Kitchen: 8'6 X 5'11Shower Room: 8'6 X 4'3AUCTIONEERS 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 every case. QBV240084/2 For more details and to contact: https://realtyww.info/flats_northfield-birmingham-d628367/for-sale_i68728067

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