A three storey dormer style middle terraced property that has been converted to provide two self contained flats (1x2 and 1x1 bedroomed). The property benefits from central heating and double glazing. Following refurbishment the property would be suitable for investment purposes.
The potential rental income when let is in excess of £11,400 per annum.
Off Birmingham Road within close proximity to local and city centre amenities.
Main Entrance, Hallway.
Flat 1 - Hall, Lounge, Kitchen, Bedroom, Bathroom/WC.
First Floor/Second Floor
Flat 2 - Hall, Lounge, Kitchen, 2 Bedrooms, Bathroom/WC.
Yard to the rear
Flat 1 - C
Flat 2 - D
This property is marketed subject to HCA and local authority consent prior to completion, details can be found within the legal pack.
* Guide Price
An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
* Reserve Price
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
A successful purchaser will also be required to pay a Buyer's Administration charge of £750+VAT (£900 including VAT @ 20%) (unless stated otherwise within the property description in the catalogue) by cheque made payable to Countrywide.
You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees).