Tenanted One Bedroom Apartment – Income of £10,200pa

Auction House North West have not inspected the property but have been advised that this is a tenanted one bedroom apartment residing on the third floor of a purpose-built block available with a tenant in situ. The apartment consists of an entrance hallway, open plan kitchen/diner/living room, one bedroom and a bathroom. The block itself also offers a 24 hour concierge service, communal landscaped courtyard and CCTV within. As per the current EPC, the property shows 51 m2. Tenancy Information: Term: 28th August 2023 until 31st July 2024 – currently on a period/rolling month Rent: £850pcm / £10,200pa For more information relating to the tenancy, please refer to the legal pack. Please be aware that the marketing photos used were from pre-tenancy in July 2023. EWS1 – please be aware there is no certificate available and this will not be provided. Tenure: Leasehold Title number: WM904513 Length of Lease/Term: 150 years (less 10 days) from 25 March 2003 Ground Rent: Please refer to the legal pack Service Charge: Please refer to the legal pack Council Tax Band: B Local Authority: Birmingham Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Leasehold.

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating B

Local Authority

Birmingham City Council

Solicitors

DWF (Northern Ireland), 42 Queen Street, Ref: DWF (Northern Ireland), Tel: 0333 320 2220

Additional Fees

Buyer's Premium - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Administration Charge - No fee applicable

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.