Stratford Road, Shirley

Guide price £95,000

1 bedroom 1 bedroom 1 bathroom 1 bathroom
Current Rent: £495 Current gross yield: 6.3% Guaranteed Rent property

For sale by Modern Method of Auction; Starting Bid Price £95,000.00 plus Reservation Fee. Currently achieving £495 PCM on a periodic tenancy, 125 year lease, service charge £160 pa.Comprising, entrance hallway, open plan lounge/modern fitted kitchen with, double bedroom, modern white bathroom suite, double glazing and gas central heating.This property is for sale by The West Midlands Property Auction powered by iam-sold Ltd.

This property is for sale by 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 exchanged 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 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market.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 form and all terms and conditions can be found in the Legal 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 The West Midlands Property Auction powered by iam-sold Ltd.

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Key Features

  • For Sale by Auction - T C's apply
  • Tenant in situ paying £495 PCM
  • Periodic tenancy
  • Open plan lounge/kitchen
  • One double bedroom
  • Modern bathroom suite
  • Double glazing
  • Gas central heating
  • 125 year lease
  • Service charge £160 per annum

Call Solihull office 0121 733 3663 115 Stratford Road Shirley, Solihull West Midlands B90 3ND

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