1 bedroom Flat For Sale

This modern 1 bedroom apartment offers a fantastic opportunity for first time buyers or investors. Situated in the sought after B1 postcode, it's just a stone's throw from The Bullring and City Centre, offering a prime location with everything you need right on your doorstep. With easy access to New Street, it's ideal for commuters. The apartment boasts contemporary finishes throughout, featuring a bright and spacious living area, a well-equipped kitchen, and a stylish bathroom. A superb investment in a highly desirable area!

Opening Bid and Reserve Price:
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.

Comments:
This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.

By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer's Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative.

The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.

If the vendor accepts an offer, the buyer will be required to make payment of a non-refundable reservation fee of £6,840 including VAT and a legal pack charge of £396 including VAT. This reserves the property for the buyer during the Reservation Period. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.

The Buyer's Premium is in addition to the final selling price and is considered within calculations for Stamp Duty Land Tax.

All buyers will be required to verify their identity and provide proof of how the purchase will be funded.

Buyer's Administration Charge:
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay the fee specified above towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees:
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

* You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
* Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

ROOM SIZES:
Hallway
Storage Cupboard
Open Plan LivingKitchen: 27' 0" x 15' 1" (8.23m x 4.6m)
Bedroom: 16' 6" x 11' 7" (5.03m x 3.53m)
Bathroom: 6' 8" x 5' 5" (2.03m x 1.65m)

LEASEHOLD INFORMATION:
Service charge - £1,072 pa
Ground rent - Zero
Lease length - 250 years from 1 July 2020

Lease, ground rent and service charge details have been provided by the seller and their accuracy cannot be guaranteed. Should you proceed with the purchase of this property, these details must be verified by your Solicitor.