61 Cooksey Road, Small Heath, Birmingham, B10 0BY
1 bedroom ground floor flat in Small Heath
Sold for £50,000
A Leasehold Ground Floor Investment Flat Current Gross Income: £6,300 pa.
Property DescriptionA ground floor flat, standing back from the road behind a foregarden with footpath approach and allocated parking to the rear.
AccommodationGround Floor Only: Living Room, Store Cupboard, Kitchen, Bedroom, Bathroom/WC.
Outside: Communal Grounds and Allocated Parking Space to rear.
The property has the benefit of electric heating and the majority of the windows are UPVC double glazed units.
Energy Performance RatingE
TenureLeasehold, approx 85 years unexpired, subject to a ground rent of £55 per annum – Subject to the existing tenancy.
Tenancy DetailsThe property is let on an Assured Shorthold Tenancy from 28th March 2019, at a rental income of £525 per calendar month - £6,300 per annum.
Auctioneers NotePlease note that we have not had sight of the tenancy agreement at the time of going to print.
ViewingsStrictly by appointment with the Auctioneers.
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
REMOTE BIDDING AUCTION
Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only. You must pre-register to bid for each auction no later than 24 hours prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for
the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.