For sale by Unconditional Online Auction. Investment Opportunity.
Available is this student pod with shared kitchen and communal areas. B106 Phoenix Place is purpose-built as student accommodation.

Available is this student pod with shared kitchen and communal areas. B106 Phoenix Place is purpose-built as student accommodation.

It is well located for all the citys universities and attractions, with shops and a gym close by. Comfortable, modern rooms, all with private bathrooms. There are social areas, as well as places to study.

A 24-hour concierge is available to ensure the whole building stays safe and secure. It is managed by the onsite managing agents currently on an assured rental.

The property consists of a student pod with communal kitchen, a bedroom area, study area and shower room. It is of modern styling throughout.

The property is sold with a tenant in situ. We are advised by the agents the rent is £112pw for 44 weeks, however there is no tenancy agreement provided in the legal pack and therefore we cannot confirm the rental income.

Service charge and ground rent charges apply, for more information review the legal pack. This property would be ideal for investors looking to add to their property portfolio.

Additional Information: Construction Material: TBC. Services: TBC. Heating: Room heaters, electric. Coverage: Broadband - Standard and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as high in this area. Satellite and Cable - BT and Sky show as available in this area.
Leasehold Information Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Note Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Draft Sales Details These sales details are awaiting vendor approval.

Tenure: Leasehold

EPC Rating: B

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Unconditional with Variable Fee (England and Wales).

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 auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyers 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 Price:

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.