Farnham Road, Birmingham, West Midlands, B21

Property Details: • Type: Terraced • Tenure: N/A • Floor Area: N/A

Key Features:

Location: • Nearest Station: Handsworth Booth Street Tram Stop • Distance to Station: 0.9262070454573946 miles

Agent Information: • Address: 195 Stratford Road, Shirley, B90 3AU

Full Description: <br /> Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £135,000.<br /><br />A good opportunity to purchase a 2 bedroom house with 2 reception rooms located on Farnham Road, Birmingham, B21 8EQ.<br /><br />The property is currently let at £1,200 per month, making it suitable for an investor looking for a property with an existing rental income.<br /><br />The accommodation briefly comprises 2 bedrooms, 2 reception rooms, kitchen and bathroom. The property also offers scope for improvement and refurbishment, subject to the necessary permissions.<br /><br />The property is located close to local shops, amenities, schools and transport links, with Birmingham city centre and surrounding areas easily accessible.<br /><br />Key details:<br /><br />Starting bid: £135,000<br />Current rent: £1,200 PCM<br />2 bedrooms<br />2 reception rooms<br />Currently tenanted<br />Farnham Road, B21 8EQ<br />Suitable for investors<br /><br />An ideal opportunity for a landlord or investor looking to purchase a tenanted property in a well-established Birmingham location.<br /><br />Please note: Buyers should carry out their own checks and due diligence before bidding, including confirming the tenancy details, property condition and auction terms.<br /><br />Auctioneers Additional Comments<br /><br />Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and <br />are referred to below as 'The Auctioneer'. <br />This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction <br />terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The <br />Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. <br />Please be aware that any enquiry, bid or viewing of the subject property will require your details being <br />shared between both any marketing agent and The Auctioneer in order that all matters can be dealt <br />with effectively.<br />The property is being sold via a transparent online auction. <br />In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will <br />be required to adhere to a verification of identity process in accordance with Anti Money Laundering <br />procedures. Bids can be submitted at any time and from anywhere. <br />Our verification process is in place to ensure that AML procedure are carried out in accordance with <br />the law. <br />The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied <br />by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will <br />typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’. <br />These prices are subject to change. <br />An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold <br />prior to the end of the auction. <br />A Legal Pack associated with this particular property is available to view upon request and contains <br />details relevant to the legal documentation enabling all interested parties to make an informed <br />decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ <br />commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding <br />with any property and/or Land Title purchase.<br />Auctioneers Additional Comments<br />In order to secure the property and ensure commitment from the seller, upon exchange of contracts <br />the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the <br />purchase price of the property. The deposit will be a contribution to the purchase price. A nonrefundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc <br />VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the <br />agreed purchase price and consideration should be made by the purchaser in relation to any Stamp <br />Duty Land Tax liability associated with overall purchase costs. <br />Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to <br />pass their details to third party service suppliers, from which a referral fee may be obtained. There is <br />no requirement or indeed obligation to use these recommended suppliers or services.<br /><br /> <b>IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:</b><br /> 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. <br /><br />SHL250061/2