This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.2% to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by West Midlands Property Auction powered by iam-sold Ltd.
These would need to be verified via the solicitors but the vendor has advised the following:-
Council Tax - Band B - Currently £1,118.79
Lease Details - expires 2165 with approximately 145 years remaining
Service Charge - £1606.67 per annum
Ground Rent - £25 per half year.
Current tenant pays £608 pcm to include the Ground Rent and Service Charge
To the fore the property has a secure gated pedestrian entrance (accessed via Bromford Road) leading into the communal front gardens consisting of mature shrubbery and fence borders surrounding a garden laid mainly to lawn with flower bed borders and access doors to the communal entrance hallways.
The rear entrance is for pedestrian and vehicular access (accessed via Chipperfield Road) which allows off road parking and access to the garage area. The rear garden area also consists of lawn and mature shrubbery with pathways leading to the secure intercom entrance doors leading to:-
The communal hallway has decorative stairs rising to the first floor landing which in turn allows access to the private front door of this property leading into:-
Strengthened glass and panelling below dividing the hallway from the lounge area and doors leading into the other rooms.
Double glazed window to the front overlooking the balcony area and a double glazed door also to the front allowing access into the balcony area. Decorative coving finish to the ceiling, wall mounted storage heater (not tested to verify working condition) and a door to the side allowing access to:-
Range of wall mounted and floor standing base units with a roll edge work surface over incorporating a stainless steel effect sink and drainer unit with a mixer tap over. Extractor canopy (not tested to verify working condition) over the cooker area, partly tiled walls, wall mounted storage heater (not tested to verify working condition), storage cupboard/pantry and a double glazed window to the front.
Double glazed window to the rear, wall mounted storage heater (not tested to verify working condition) and a built in wardrobe with double access doors.
Double glazed window to the rear, wall mounted storage heater (not tested to verify working condition) and a built in wardrobe area.
Suite comprising of a panelled bath with an electric shower unit over (not tested to verify working condition) , low flush w.c, and a pedestal wash hand basin. Storage cupboards, partly tiled walls, extractor fan and shaving socket (not tested to verify working condition). Wall mounted storage heater (not tested to verify working condition) and a high level window to the front.
The garage is numbered to match the flat - 10. It has an up and over door for access from the communal driveway to the rear of the property.