For sale by Unconditional Online Auction.
On behalf of Arden Estate Agents - Solihull

An ideal opportunity as an investment, in need of modernisation.

This two bedroom first floor maisonette is offered with a good sized lounge, kitchen and bathroom.

Note Length of lease: 99 years from 25.3.1960
Buyers are to note there are only 37 years remaining on the lease
Current ground rent: £15.00
Ground rent review period: TBC
Current service charge: There is no service charge applicable to this property - see 4 of the LPE1
Service charge review period: TBC

This information should be clarified in the legal pack and we’ll update the information above when we receive it.
Note Please be advised that whilst our partner agent has conducted an inspection 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.
Location Prime location for Shirley Railway Station which is only a short walk away.

There are frequent bus services which operate from High Street into Shirley, Solihull and Maypole.

The main shopping area in Shirley is less than two miles from the property and along the A34 Stratford Road one will be spoilt for choice with an array of facilities. From small speciality and convenience stores to a choice of major supermarkets and Superstores on the Retail Park, including the new Shirley Parkgate and Asda. Local bus services operate along the Stratford Road into the city of Birmingham and the nearby town centre of Solihull. There is a thriving business community along the Stratford Road which extends to the Cranmore, Widney and Monkspath Business Parks, and on to the Blythe Valley Business Park which straddle the junction of the M42 motorway. A short journey down the motorway will bring you to the NEC and Birmingham International Airport and Railway Station.

Tenure: Leasehold

EPC Rating: E

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.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fees apply:

• 5% deposit (subject to a minimum of £5,000)
• Buyer’s 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 Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

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.

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.

Arden Estates