• Spacious 3-bedroom semi detached house extending to approx. 1,844 sq. ft

• Highly desirable location

• Development potential (subject to requisite consents and existing tenancy) to add value, together with asset management potential

• Investment producing £22,740 pa

• To be sold by Knight Frank Auctions on 24th October 2024 (will not be sold prior)

Property Description

On the instructions of the Receivers.

The property comprises a two floor 3 bedroom semi-detached house, extending to approximately 1,844 sq. ft. It benefits from a private driveway leading to the front drive, together with side access to a large rear garden

Accommodation
Ground Floor: Two Reception Rooms, Shower Room with WC, Kitchen/Diner, Utility Room, Garage
First Floor: Three Bedrooms, Bathroom with W/C
External: Large Rear Garden

There is potential for various extensions and asset management, subject to the existing tenancy and obtaining the necessary consents. Interested parties should rely on their own enquiries.

Open house viewings (please simply arrive at the start time):
*Saturday 19th October, 11am – 11:30am
*Tuesday 22nd October, 11am - 11:30am

This property is being marketed for sale on behalf of Joint LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.

Location

The property is situated on the highly desirably Croftdown Road, leading off Lordswood Road and is ideally located for Harborne High Street, University of Birmingham and the Queen Elizabeth Medical Centre. Birmingham City Centre is readily accessible and local motorway connections to the M5 and M6 are easily reachable.

Occupancy

Tenanted

Tenancies

The property is let on a Period Tenancy (expired 31/07/2024), producing £1,895 pcm (£22,740 pa)

Tenure

Freehold

EPC Rating

D

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully and take professional advice before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.