1 bedroom Apartment in Birmingham

Apartment 198, 51 Sherborne Street, Birmingham B16 8FP
  • Property Type: Apartment
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £120,000+ plus fees

Property Description

A large one-bedroom apartment located along Sherborne Street, Birmingham City Centre. This spacious apartment is well situated a few minutes walk to Brindley place, Broad Street and all transport links including the tram. The apartment benefits from a large open plan kitchen/living room with fully equipped kitchen and integrated appliances, family bathroom with bath and plenty of storage space, along with a parking space. We have been advised the apartment is currently let on an AST for 900pcm. There is scope to increase the rent with current 1 beds going for £950pcm and those with parking circa £1,000. Interested parties are advised to inspect the legal pack for more information.

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.


Leasehold Information

Lease term of 125 years from 1 March 2004. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


Construction Material

Cavity wall, as built, insulated (assumed).


Flood Risk

Rivers and Seas Very low. Surface Water Low.


Broadband (estimated speeds)

Standard 16 mbps. Superfast 192 mbps. Ultrafast 1000 mbps.


Mobile Phone Coverage

O2, EE, Three and Vodafone are available.


Satellite and Cable TV Availability

BT and Sky are available.


Draft Sales Details

These sales details are awaiting vendor approval.


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 30th May 2024

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 198, 51 Sherborne Street, Birmingham B16 8FP