Property Details: • Type: Flat • Tenure: LEASEHOLD • Floor Area: N/A
Key Features: • Investment Opportunity • Potential Income of £10,000pa • City Centre Location • Grade II Listed Building • Landscaped Gardens • First Floor Flat • Open Plan Lounge/Kitchen • Double Bedroom • Shower Room • Electric Heating
Location: • Nearest Station: Five Ways Station • Distance to Station: 0.38850461023903865 miles
Agent Information: • Address: 477 Holyhead Road, Coundon Coventry, CV5 8HU
Full Description: Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £95,000<br /><br />A potential investment opportunity with an annual income of approx £10,000 pa.<br /><br />A first-floor one-bedroom apartment set within a unique Victorian Grade II listed complex, dating back to 1858. Situated in a private courtyard setting just off Five Ways Island and Broad Street, the property offers a blend of period character and convenient city-centre living. The accommodation briefly comprises an entrance hallway, open-plan lounge and kitchen, double bedroom with built-in cupboards, and a shower room. The property is ideally positioned for access to Birmingham’s excellent transport network, with numerous tram, bus and train links nearby, as well as easy access to major road and motorway connections. There is a wide range of entertainment and leisure facilities close by, including Broadway Plaza, while Broad Street and Brindley Place are just a short walk away. Birmingham New Street station and the Bullring shopping centre are also within easy reach, making this an excellent location for both city living and commuting.<br /><br /><b>Open Plan Lounge / Kitchen</b> - 4.55 x 3.44 (14'11" x 11'3") - Fitted kitchen with integrated fridge, washing machine, and window looking into communal garden<br /><br /><b>Bedroom</b> - 4.24 x 2.90 (13'10" x 9'6") - Carpet to flooring, two built in cupboard and window looking into the communal garden<br /><br /><b>Shower Room</b> - Tiled floor, double width shower cubicle, white ceramic wash hand basin and W.C, window looking into communal garden<br /><br /><b>Tenure - Leasehold.</b> - The agent has been informed that the property is offered leasehold however any interested party should obtain confirmation of this via their own solicitor or legal representative.<br /><br /><b>Viewings.</b> - Viewings are strictly by appointment only via Archer Bassett.<br /><br /><b>Auctioneers Additional Comments</b> - 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 /><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.<br /><br />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 /><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 /><br />The property is being sold via a transparent online auction.<br /><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 /><br />Our verification process is in place to ensure that AML procedure are carried out in accordance with<br />the law.<br /><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 /><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 /><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 /><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<br />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 /><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 />