Studio flat in Birmingham

Apartment 19, Sun House, 9 Bennetts Hill, Birmingham, West Midlands B2 5RS
  • Lot No: 37
  • Property Type: Studio flat
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £90,000+ plus fees

Result Sold at Auction £102,000

Property Description

A superb fourth floor studio apartment located in the heart of the Birmingham city centre just off New Street. All city centre amenities on the doorstep including New Street train station, all major restaurants bars and shops. Furnished to a high standard including all major white goods and a dishwasher and benefiting form under floor heating throughout. Ideal for any professional single or couple looking for the perfect city flat or the investor looking for their next investment. Currently rented under a AST agreement at £600 per calendar month which has ended and continues under a rolling contract. We have been informed by the vendor that the rent will be increasing to £675 per calendar month on 12th January 2023. Please note that we have not been provided with a copy of the tenancy agreement and cannot verify the tenancy information. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Leasehold Information

Leasehold Term: 150 years (less 5 days) from 24 December 2002. Ground Rent: We are informed by the seller that the ground rent is £200 per annum. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


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.


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event 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 auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s 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 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.

Auction Details

Date 26th January 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

Apartment 19, Sun House, 9 Bennetts Hill, Birmingham, West Midlands B2 5RS