Kingsbury Road, Erdington, Birmingham
Auction Guide Price £49,500

** FOR SALE BY AUCTION with tenant in situ under contract rent via a housing provider of £962 per calendar month for 5 years from 31 July 2024 including housing provider maintenance (excluding of roof, boiler and structural changes) ** A three bedroom duplex first and second floor apartment arranged over two floors above retail units. Access via an external communal staircase to a first floor entrance. Well-proportioned accommodation includes an entrance porch and hallway, good size lounge/dining room with external balcony, fitted kitchen, three bedrooms, shower and separate WC. Additional features and benefits include gas central heating, double and secondary glazing. Property is location at the junction of Kingsbury Road/Tyburn Road, providing access to a range of local shopping facilities, bus services and commuter links. Tenure: Leasehold - 99 years from 25 March 1983 leaving 56 years remaining. Service Charge: £323 per year, reviewed annually. Building insurance: 337.49 for period 01 October 2026 to 30 September 2027. Ground Rent £70 per year until 2049 then £100 for the remaining lease period. Council Tax Band:

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

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

• Buyer’s Fee of 4.8% inc. VAT of the purchase price (subject to a minimum of £6,000 inc. VAT)

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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding 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.

Descriptions, floor plans, measurements and photographs of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquiries to ensure that our descriptions, floor plans, measurements and photographs are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection and by your surveyor and conveyancer. Measurements supplied are for general guidance only and as such should be considered as incorrect. Tenure must be confirmed via solicitors. ALL IMAGES ARE PROPERTY OF WALLER & FARNWORTH LTD.