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Sutton Coldfield, B75

Tenure: Leasehold

***AUCTION*** Belvoir are excited to launch via the modern method of auction, this incredible opportunity to invest in a one bedroom apartment, located within walking distance of Good Hope Hospital and Sutton Coldfield Town Centre. Already tenanted, this property will return a fantastic yield from the day of completion. 

This first floor apartment offers; One Double Bedroom, Spacious Lounge/Dining Room, Modern Fully Fitted Kitchen, Modern Bathroom and Storage. 

Lease Details: 99 Years Left on Lease

Service Charge and Ground Rent: £1440 Annually but currently paid £720 bi-annually 

Rent Details: Couple, both working at Good Hope Hospital. Tenancy started on August 8th, 2023 and are currently on a rolling monthly periodic tenancy agreement. Rent is £850 per calendar month.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

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Material information

The information above has been provided by the vendor and may not be accurate. Please refer to the property’s Buyer Information Pack. (You can download this on the right hand side of the page) or speak to the Auction Specialist for the most up to date information.

EPC rating: C. Council tax band: A, Tenure: Leasehold,