2 bed Flat/Apartment Flat for Sale

• Tenant in Situ
• Two-bedroom
• Allocated parking space
• open plan lounge and kitchen
• For sale by Modern Auction -T & Cs apply
• Subject to Reserve Price
• Buyers fees apply
• The Modern Method of Auction

For sale by Modern Method of Auction This two-bedroom apartment situated with the popular Arena View Development with a tenant in situ and located close to Birmingham’s, historic Jewellery Quarter and Brindley Place offering a current yield of 8.1%.

The accommodation comprises of a private entrance hallway, open plan lounge and kitchen, two bedrooms and bathroom. the property also benefits from having an allocated parking space in a gated complex, security door entry system and lift. The current tenant has approx 14 months left on their contract and are paying £1275 pcm. Auctioneer Comments This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £349 inc VAT for this pack. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Property Information Tenure - Leasehold Length of Lease - 120 Ground Rent - £150 per annum Service Charge - £2000 per annum Local Authority - Birmingham City Council Council Tax Band - C EPC Rating - C