Studio for sale

For sale by Modern Method of Auction: Starting Bid Price £50,000 plus Reservation Fee.

Martin & Co are pleased to offer for sale this ground floor studio style flat in a well regarded location on the outskirts of Erdington.Offering superb access to all local amenities including premium shopping in both Boldmere and Sutton Coldfield Centre the property also gives easy access to Sutton Park. The property offers an easy commute into Birmingham City Centre and Wylde Green, Erdington and Chester Road Stations are all just a bike ride away. Access to the motorway network is via the nearby M6 and M42. Accommodation comprises lounge, kitchen, bedroom area and a bathroom. Further benefits include double glazing and allocated parking space.  

BEDROOM AREA 9' 1" x 6' 3" (2.77m x 1.91m) Having arch to lounge area and sliding door to; 

BATHROOM Having a suite comprising bath, low flush w.c, wash hand basin, part tiled walls and two frosted double glazed windows to the front. 

LOUNGE AREA 11' 5" max x 9' 1" max 8' min (3.48m x 2.77m) With double glazed window to the rear and arch to; 

KITCHEN 7' 2" max x 6' 5" max (2.18m x 1.96m) With a range of eye and base level units with worksurface over incorporating single drainer sink unit, tiled splashbacks and double glazed window to the front. 

OUTSIDE Having communal grounds with allocated parking space to the rear. 

COUNCIL TAX BAND - A

FIXTURES AND FITTINGS as per sales brochure.

TENURE
Martin and Co has been informed that the property is leasehold with approximately 61 years remaining. Service Charge is currently approximately £105 per month and may be subject to review. The Ground Rent is currently approximately £40 per annum and is subject to review. 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 4.5% of the purchase price including VAT, subject to a minimum of £6,600 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.