Apartment 121, The Bank, Birmingham
60 Sheepcote Street, Birmingham, B16 8WG
- 10
Key features
Guide Price: *
£160,000
Fees apply
Buyer's fee:1.8% (min. £3,600)
All fees include VAT at 20%
Holding Deposit: *£1,400
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£160,000Bid history
1 bidA
12/07/2024 13:07:58 - £160,000
This lot is to be sold via online auction on Tuesday 30th April at 8pm
This one-bedroom flat is a fantastic investment opportunity in the heart of Birmingham.
Conveniently situated just a stone's throw away from Birmingham City Centre, with easy access to all the amenities and attractions that the city has to offer. The property is surrounded by numerous restaurants and amenities, ensuring that you have everything you need within a short walk, from dining options to shopping.
In addition to its central location, the property benefits from excellent road connections and comprehensive public transport links, making city and regional travel a breeze.
One of the standout features of the Birmingham rental market is its consistent demand for a variety of property types, from flats to family homes. The city's dynamic job market, educational institutions, and cultural attractions make it an appealing choice for renters, ensuring a healthy pool of prospective tenants.
While the property is currently vacant, it boasts an estimated potential rental yield exceeding 7%, making it an attractive option for investors seeking to secure rental income.
The property's central location also makes it a prime choice for Airbnb/Short-term rentals, ensuring a flexible and potentially profitable income source. The modern open plan living space with captivating rooftop city views adds to its overall appeal.
Accommodation
The property consists of: 1 Bedroom, Kitchen, Living Room, Bathroom
Viewings
To book a viewing please contact our joint auctioneers Centrick Estate Agents on 0121 347 6116
Pre-Auction Offers & Finance
If you are interested in making a pre-auction offer, please contact us and we will speak with the vendors.
If you require auction or bridging finance and are worried about completion time of 28 days contact us for more information.
Auction Details
Please note that a Buyer’s Premium of 1.8% inc of VAT of the purchase price is to be paid by the successful Buyer subject to a minimum fee of £3,600 (inc of VAT).
Summary
- Auction end
- 12th Jul at 13:12
- Property type
- Flat
- Tenure
- Leasehold
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Auction end
- 12th Jul at 13:12
- Property type
- Flat
- Tenure
- Leasehold
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- Ask Agent
This property is being sold by:
Rocket Auctions
02081642892
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Rocket Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Rocket Auctions. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
