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Priory House, 20 Gooch Street North, Birmingham, B5 6BF

Guide Price £180,000Leasehold

111

Key Information

Tenure:Leasehold
Service charge:£1,368 per year
Ground rent:Not available
Time remaining on lease:245 years
Council tax band:C

Key Features

Modern Third Floor Apartment
Open Plan Living Room
Kitchen Area with Integrated Appliances
Generous Balcony
One Double Bedroom
Luxury Shower Room
Communal Courtyard Garden
Quality Furniture Included

Description

Being Sold Via Secure Sale Online Bidding (Terms & Conditions Apply). Starting Bid £180,000 *** A third floor apartment situated less than a 10 minute walk from Birmingham's New Street Station. This spacious one bedroom loft style apartment comprises 527 sq. ft. of living accommodation with impressive 2.7m high ceilings; plus a generous 86 sq. ft. balcony overlooking a residents' courtyard garden. Constructed in 2022, and taking inspiration from the building's past, the property has been finished to the highest specification and includes a modern Kensington kitchen with integrated appliances, Herringbone flooring and Duravit sanitaryware. High quality furniture costing over £10,000 is also included. Currently tenanted for 6 months, this apartment would make a great addition to any savvy investor's rental portfolio.

***

Pattinson Auction are working in Partnership with the Barrows and Forrester Property Group on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

***

Auctioneers Additional Comments:
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

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Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
£947 /mo.25 Years, 5% Interest
Loan
£162,000
Total Repay
£284,111

Stamp Duty

You’ll have to pay the stamp duty of:
£0
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