Description

INFORMATION FROM THE AGENT
Potential gross yield of over 14% based on the guide price. Situated on Broad Street, this apartment offers a prime location in the heart of Birmingham.

With easy access to a range of amenities, including shops, restaurants, and entertainment venues, you'll find everything you need right at your doorstep.

The property is well-connected to public transport from the nearby tram network to Fiveways Train Station and a-roads out of the city, making it convenient for commuting or exploring the city.

The apartment features one bedroom and one bathroom with a large open plan living area providing a comfortable living space for individuals or couples.

Built in 1971, it spans an area of 42.73 square metres, offering a practical layout for modern living.

The leasehold tenure adds an extra layer of security for potential buyers including building insurance with no ground rent to pay.

Broad Street is known for its vibrant atmosphere and close proximity to cultural landmarks.

Whether you're visiting nearby museums or enjoying a leisurely walk along the canal, there's always something to do in this lively neighbourhood.

The area is also home to bars, restaurants and shops adding further appeal to the location.

Leasehold - Approximately 71 years left on the lease, Service Charge £239PCM Property & Services information Mobile Coverage: 4G coverage is available in the area - please check with your provider Broadband Availability: Superfast broadband (fttc) is available in the area Utilities: Mains electricity, mains water and broadband are connected.

This is an opportunity not to be missed for those looking to live or invest into Birmingham's thriving property market.

Contact me for more information and to book a viewing Disclaimer Disclaimer: Whilst these particulars are believed to be correct and are given in good faith, they are not warranted, and any interested parties must satisfy themselves by inspection, or otherwise, as to the correctness of each of them.

These particulars do not constitute an offer or contract or part thereof and areas, measurements and distances are given as a guide only. Photographs depict only certain parts of the property.

Nothing within the particulars shall be deemed to be a statement as to the structural condition, nor the working order of services and appliances

INFORMATION FROM THE AUCTION COMPANY
All marketing material, including property descriptions and imagery, has been provided by the introducing agent.
The Auction Company does not verify this information.
Buyers are advised to arrange an in-person viewing (by appointment only) and satisfy themselves as to the condition and legal position of the property before bidding or making an offer.

METHOD OF SALE
This property is offered for sale by Timed Online Auction (Unconditional).
Bidding takes place online via The Auction Company website.
The bidding end date and time are clearly displayed on the listing.

REGISTRATION TO BID OR MAKE AN OFFER
To bid or submit an offer, buyers must:
- Complete online registration
- Pass identity and AML checks (legal requirement)
- Register valid payment details
- A £1,000 hold/shadow payment will be placed on your card.
- By bidding or making an offer, you confirm acceptance of The Auction Company’s Auction Terms & Conditions, Buyer’s Terms, Legal Pack and Special Conditions of Sale.

AUCTION TYPE - TRADITIONAL METHOD OF AUCTION (UNCONDITIONAL)
All bids and offers are legally binding.
Exchange of contracts takes place immediately upon acceptance.
Completion is required within 28 days, unless stated otherwise in the legal pack.
If you are the successful buyer:
- The £1,000 hold payment will be deducted and credited toward the Buyer’s Premium.
- You must pay:
- The 10% deposit (non-refundable)
- Any remaining Buyer’s Premium balance
- All payments must be made within 2 hours of acceptance.
- All remaining balances must be paid by bank transfer only. No card payments are accepted.
- The Buyer’s Premium is 4% + VAT (minimum £5,000 + VAT) and is non-refundable.

PRE-AUCTION & POST-AUCTION OFFERS
The seller may consider offers made before or after the auction.
For clarity:
- All pre-auction and post-auction offers are treated as auction sales.
- The same auction terms, Buyer’s Premium, deposit requirements and completion timescales apply.

LEGAL PACK
Each property is sold subject to a legal pack, which may be updated at any time before the auction.
Buyers must:
- Download and review the legal pack before bidding or making an offer.
- Take independent legal advice if required.
- Check for updates immediately before bidding.
- By bidding or making an offer, you are deemed to have read and accepted the legal pack in full.

SPECIAL CONDITIONS OF SALE
Special Conditions of Sale are set by the seller and are legally binding.
They are contained within the legal pack and override all general auction terms where applicable.

Council Tax Band

C

Lease Start Date

01/01/1971

Lease Duration

196 years (140 years unexpired)

Annual Service Charge

£2,868