• For sale by online auction +
• Register at tcpa.co.uk +
• 2 Bedrooms +
• Tenants in situ +
• Generating £1200pcm +
• Convenient location +

For sale by Online Auction - 28th of January at 10:00.

Twobedroom apartment

Description
A spacious and well-maintained twobedroom apartment positioned on the second floor of the Regal Court development. The property is offered with tenants in situ, currently producing £1,200 per calendar month, making it an attractive turnkey investment with a yield of 14.4% based on the guide price.

Situated on Bishopsgate Street, the apartment enjoys a prime Birmingham city-centre location. Residents benefit from being only a short walk from The Cube, The Mailbox, and the wider Canal side and Brindley Place districts all known for their restaurants, bars, retail, and leisure facilities. The area remains one of the most sought-after pockets of the city for both renters and owner-occupiers.

Ground Rent £175 per year
Service Charge £2400 per year

Tenure
Leasehold - 114 years remaining

Legal PackA legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information.
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us. Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.