2 Bedrooms Flat for sale in Beacon View Road, West Bromwich B71 | £ 45,000

Property Description

Summary
For sale by Modern Method of Auction. Starting bid price of over £45,000. Plus reservation fee. A tremendous opportunity has arisen for an investor to purchase a duplex two bedroom apartment with a rental yield of 10%. This flat is situated opposite the local shops of the Charlemont Estate.

Description
The property is for sale by The West Midlands Property Auction powered by iam Sold Ltd. Camberley comes with two double bedrooms, a bathroom on the lower level and a lounge and fitted kitchen on the upper level. The property has communal parking, is all electric and offer no chain as well as an exceptionally long lease at 170 years approximately

Auctioneers Comments
This property is for sale by the 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 exchange contracts immediately, granting 56 days for completion with an aim to exchange contracts 28 days from the date the buyer's solicitor is in receipt of the draft contracts. Allowing the additional time to exchange of 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 4.2% to a minimum of £6000 including VAT which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
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 from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our web site or requested from our Auction Department.
Please note this property is subject to an undisclosed reserve price which is generally no more than 10% of excess of the Starting Bid, both the Starting Bid and reserve price can be subject change. Terms and conditions apply to the Modern Method of Auction, which is operated by The West Midlands Property Auction by iam Sold. Reservation Fee is in addition to the final negotiated selling price

To view or make A bid - Connells or visit:

Access To The Property
Via a door from the communal hallway leading into the entrance hallway

Entrance Hallway
Having stairs to lower level and door to lounge

Lounge 15' 6" x 10' 8" ( 4.72m x 3.25m )
Double glazed window to the front, laminate flooring, electric fire place and arch to kitchen

Kitchen 15' 6" x 6' 11" ( 4.72m x 2.11m )
Double glazed window to the front, fitted kitchen with wall and base units, work surfaces over, 1.1/2 bowl sink drainer, brick effect tiling to splash back, electric oven, ceramic electric hob, cooker hood over, arch to lounge

Lower Level
Having doors to bathroom and bedrooms

Bedroom One 12' 10" x 9' 8" ( 3.91m x 2.95m )
Double glazed window to the rear and built in wardrobes

Bedroom Two 12' 10" x 7' 11" ( 3.91m x 2.41m )
Double glazed window to the rear

Bathroom
Having bath, low level WC, wash hand basin, electric heater, storage cupboard and is part tiled

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

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