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Lot 14 Click here for addendum

Gross Yield 9.7%
Completion 31st March 2020

Situation

Located on the main A41 Warwick Road in this popular residential suburb, approx. 6 miles south of Birmingham City Centre amongst such multiples as Morrisons, Aldi, BetFred, NatWest and Lloyds Pharmacy.
There are local schools and recreational facilities nearby as well as good transport links with Acocks Green Railway Station being approx. ½ a mile away and Birmingham Airport approx. 6 miles east.

Property

Forming part of a mid terraced building comprising a Self-Contained Flat on first and second floor levels with separate rear access via a communal staircase and balcony.
In addition, the property benefits from a private Roof Terrace on the first floor.

ACCOMMODATION (measurements to maximum points)

First and Second Floor Flat
First Floor:
Living Room 17'0” x 10'7”
Kitchen 11'2'' x 7'4''
Second Floor:
Bedroom 1 17'0” x 8'11”
Bedroom 2 10'10'' x 7'4''”
Bathroom 5'11” x 5'5”
sep. WC
GIA Approx. 770 sq ft plus Roof Terrace 17'8”x18'8”

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 25th March 2017 at a peppercorn ground rent.

Tenancy

The property is let to an Individual on an AST for a term of 2 years from 28th October 2018 at a current rent of £6,780 per annum exclusive.

Note 1: There is a £665 Rent Deposit held.

Note 2: The Vendor owns a similar flat along the parade which is let at £7,800 p.a.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

Flat 9, 1160 Warwick Road, Acocks Green, Birmingham, West Midlands B27 6BP