176 Swan Gardens Erdington, Birmingham, West Midlands, B23 6QQ

  • Conditional Online Auction Sale
  • Guide Price* : £36,000

FOR SALE BY CONDITIONAL ONLINE AUCTION On Behalf of Newton Fallowell


  • Ground Floor Studio Apartment
  • Lounge Bedroom
  • Kitchen
  • Shower Room
  • Close to Local Amenities and Transport Links
  • Currently Tenanted

Property Description

FOR SALE BY CONDITIONAL ONLINE AUCTION On Behalf of Newton Fallowell

Studio Apartment

NEWTON FALLOWELL are offering this fantastic buy to let opportunity. A ground floor studio within walking distance to Erdington High Street and transport links to Birmingham and surrounding areas. The property ha son upward chain and comprises of a good size lounge/bedroom, kitchen and shower room. Now offered with extended lease of over 150 years Draft Details - PLEASE NOTE THESE ARE DRAFT DETAILS AWAITING THE VENDORS APPROVAL AND CANNOT BE RELIED ON TO BE WHOLLY ACCURATE.


Tenure
See Legal Pack

*Start Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price, also known as a 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 which is available to download on our SDL Auctions website.


Viewing Details

By arrangement with the auctioneer 0345 319 2162.


Energy Performance Certificates

EPCs can be viewed in the Related Documents section on our SDL Auctions website or in the legal pack.


Auction Type: Conditional with Reservation Fee

Every online bidder must first create an account via the SDL Auctions website, in the online auction section. This is a very quick and simple process. In order to bid, you will need to be authorised for money laundering purposes, this will be carried out at the registration stage. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.

Once you have registered, you will be able to search, download legal documents, arrange site viewings and contact the Auctioneers and the solicitors if you have queries on the property.

If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and will have 40 business days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 40 business day reservation period, the seller is not able to accept other offers.

The sale of this lot is subject to a reservation fee of 4.8% including VAT or 4.2% including VAT in London, subject to a minimum of £6,000 including VAT. This does not contribute towards the purchase price and is payable on the fall of the hammer.

We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer.

By placing a bid, you are authorising the auctioneer to sign the reservation contract on your behalf.

Full terms and conditions are available on the SDL Auctions website.


Joint Agent

Newton Fallowell



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Joint Agent

For viewings please contact:
Newton Fallowell
0121 270 9744

Legal Documents

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