1 bed flat for sale in 80 Prospect Hill, Redditch, B97

SOLD WITH TENANTS IN SITU *** potential 7% yield *** This well-presented one bedroom basement floor apartment is a part of the British Mills factory conversion in 2007. The property is ideally located for the town centre facilities, public transport links, national road networks and supermarket.The apartment appeals in character and briefly comprises: Secured communal entrance to a welcoming reception hallway having a door to a good-sized communal store, open plan living room/fitted kitchen with integrated cooker/oven, fridge/freezer and washer/dryer, one double bedroom with fitted wardrobes and a fitted bathroom.The property further benefits from an allocated parking space, double glazing and electric central heating system.This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.