The Quadrant, City Centre, B1 3RJ

Property Description

Quote Code: DC0118

Auction end date tbc

A beautifully presented apartment occupying a second position within this popular development. The Quadrant is located within close proximity to the Utilita Arena Birmingham, as well as The National Sea Life Centre and College Of Food.

For the City Centre nightlife Birmingham is renowned for, Brindley Place with its many bars and restaurants, Mailbox and Broad Street are all within walking distance.

The development has multiple secure-door access points and lifts accessing the multiple floors. The apartment comprises of: an entrance hall, store cupboard with boiler, stunning bathroom suite, one double bedroom with built-in wardrobes having slide doors, also a spacious, light and airy lounge open-plan to its fitted kitchen with multiple appliances. From his superb space there is a door accessing a Juliette Balcony.

Tenanted until May 2024 with a potential rental return of circa £1,050pcm, offering a circa 7% Net Yield, the property represents a extraordinary Buy To Let Investment to add to an expanding portfolio. Alternatively, for a First Time Investor looking for a simple, already Let and in stunning condition apartment; what a great buy this would be.

We have been informed but not seen evidence of the following charges:

Ground Rent: £350 per annum approximate

Service Charge: £1,692.32 per annum approximately

Lease remaining: circa 147 years

Council Tax: C

Quote Code: DC0118

Auctioneer Comments

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.