There will be no grounds to exit the sale with a return of the reservation fee citing issues around the lease or lease extension. Whilst the sellers solicitors will help as the lease extension may be required to be completed post completion.
Cash Buyers only, 60 days to complete.
Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, 2 bedroom first floor maisonette in Solihull. The property has a short Lease and is therefore open to cash buyers only with 60 days to complete.
The accommodation is arranged as follows: Private entrance leading to a light and spacious lounge, kitchen, combined Bathroom/W.C and 2 bedrooms.
The property’s winning feature is the pleasant balcony which can be accessed through the large patio doors in the lounge.
The property has a short lease (40 years) so available to cash buyers only. See ‘other information’ section for more details.
The maisonette enjoys a pleasant location on a well presented residential close. A range of desirable amenities are in the close vicinity and Solihull Town Centre is a short journey away. Here you can find the Touchwood Shopping Centre, excellent high street shopping facilities and popular restaurants. Birmingham International Airport and Railway Station can be reached in 15 minutes and motorway links are easily accessible.
Tenure : Leasehold unregistered (Short Lease) – The Property has a short lease (40 Years left) and is therefore open to CASH BUYERS ONLY. As at Jan 1st 2018 the Lease extension cost was quoted as £21,185 to extend the lease by an additional 90 years, this could be subject to change. There will be legal costs in addition to the normal conveyancing cost for the buyer payable to the Vendor solicitor if they serve the Section 42 notice. Circa £500 – £600 plus VAT.
This is an unregistered property; please click the ‘lease’ icon above to view details of the lease document. You will notice that the lease document states on the 11th page that ‘To use and occupy the said maisonette as a private dwelling house only for the sole occupation of the Lessee and the family and members of the household of the Lessee and for no other purpose’. Please be aware that the freeholder has agreed to issue a letter stating that the property is allowed to be rented out. If you are using bridging finance then please check this with the lender prior to bidding.
To view the property you must register and book on one of the open days as detailed above.
Auction ends – Wednesday 19th December at 1pm (please read anti-sniping rules which may extend the auction)
Bidding Window Opens – Monday 17th December
Starting price – £65,000 (Reserve price is higher & unpublished)
Tenure – Leasehold (40 years remaining)
Ground rent – £10 per annum. No service charges
Offers can only be made via the online auction in the form of a bid. No offers will be accepted outside of the auction process.
Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed and the buyer honoured to pay it. Should the buyer withdraw then they may have to forfeit the reservation fee.
Please read the buyer terms and FAQ’s on the site for more details.
This property is being sold as part of a deceased estate with vacant possession and is sold as seen. The administrator and solicitor to the estate have never lived there and may not be able to answer the usual pre-contract questions.
Comprises of hallway leading to these rooms:
