For sale by Modern Method of Auction: Starting Bid Price £110,000 plus Reservation Fee.

Martin & Co are pleased to offer for sale this one bedroom ground floor apartment in the heart of Sutton Coldfield. Set back from the road in a popular mature development, the convenient location is a short walk from both Sutton Coldfield Town Centre and Sutton Park. Sutton Coldfield offers a range of shops and amenities, with bus and train services at Sutton Coldfield Station, situated on the Lichfield to Birmingham line. In the other direction is Sutton Park, offering approximately 2,400 acres of parkland. Wyndley Leisure Centre is also within walking distance and offers a range of facilities including a swimming pool, running track, gymnasium, badminton and squash courts.

Accommodation comprises hallway, lounge/diner, kitchen, bedroom and shower room. Further benefits include double glazing, electric heaters (where specified) and garage. The property is available immediately and with no upward chain.

Martin and Co has been informed that the property is leasehold with approximately 108 years remaining. The NORMAL service charge would be approximately £1360 per annum (subject to review), HOWEVER the service charge is CURRENTLY raised to approximately £3,016 per annum (subject to review). The Ground Rent is currently approximately £100 per annum (subject to review). Please note that the service charge is currently higher than normal due to the maintenance fund. This will remain the case for approximately three more years (from 2023) . The seller feels they have set the price to reflect this temporarily higher service charge. Ground rent for the garage is £10 per annum and service charge for the garage is £37.38 per annum. The agent has not received confirmation from the vendor's solicitors and therefore would advise any interested parties to verify this information via their own solicitor.
 

ENTRANCE HALL With two built-in cupboards and doors off to; 

LOUNGE/DINER 17' 10" max 9' 10" min x 15' 9" max 8' 11" min (5.44m x 4.8m) Having two double glazed windows to the side, double glazed window to the front, part double glazed door to the front leading to balcony and door to; 

KITCHEN 10' 4" x 7' 6" (3.15m x 2.29m) With eye and base level units with worksurface over incorporating single drainer sink unit, tiled splashbacks and double glazed window to the front. 

BEDROOM 13' 7" x 9' 4" (4.14m x 2.84m) With two built-in wardrobes and double glazed window to the rear. 

SHOWER ROOM Having suite comprising wash hand basin, low flush w.c, bidet, shower cubicle, part tiled walls and frosted double glazed window to the rear. 

GARAGE Located on a separate block. Please check, prior to making an offer and agreeing to purchase, that any garage or other facility described is suitable for your own vehicular requirements and dimensions 

COUNCIL TAX BAND - B

FIXTURES AND FITTINGS as per sales brochure.

TENURE
Martin and Co has been informed that the property is leasehold with approximately 108 years remaining. The NORMAL service charge would be approximately £1360 per annum (subject to review), HOWEVER the service charge is CURRENTLY raised to approximately £3,016 per annum (subject to review). The Ground Rent is currently approximately £100 per annum (subject to review). Please note that the service charge is currently higher than normal due to the maintenance fund. This will remain the case for approximately three more years (from 2023) . The seller feels they have set the price to reflect this temporarily higher service charge. Ground rent for the garage is £10 per annum and service charge for the garage is £37.38 per annum. The agent has not received confirmation from the vendor's solicitors and therefore would advise any interested parties to verify this information via their own solicitor.

Martin and Co has not tested any fixtures, heating systems or services and so cannot verify that they work or are fit for purpose. Any buyer is advised to obtain verification from their Solicitors/Surveyors. All measurements are approximate.

The property is for sale by Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements
The Partner Agent and the Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.