15 Holly Road, Edgbaston, Birmingham B16 9NH

For sale on 25 July 2024
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
The auction will commence at 09:00.

Three well maintained apartments, fully let in the popular area of Edgbaston. Further benefiting from double glazing and ideal location near excellent amenities and public transport.

Holly Road leads off Hagley Road offering access to local shops and regular transport services leading through to comprehensive city centre leisure, entertainment and shopping facilities. The Queen Elizabeth Hospital, other medical centres and the University of Birmingham are also readily accessible as are excellent amenities around Harborne High Street and further shopping facilities at Edgbaston Village and Bearwood.

Flat one has two good sized bedrooms, large front lounge, kitchen to the rear and family bathroom. This flat is let out on an AST agreement at £775 Per Calender Month. Scope to increase to current market value of £950 per Calender Month.

Flat two has three good sized bedrooms, large lounge, kitchen and family bathroom. This flat is let out on an AST agreement at £800 Per Calender Month. Scope to increase to current market value of £1095 per Calender Month.

Flat three has one double bedroom, open plan kitchen/lounge and family bathroom. This flat is let out on an AST agreement at £700 Per Calender Month. Scope to increase to current market value of £825 per Calender Month.

Total income of £2,275 Per Calender Month and the total income for the building is £27,300 Per annum. Scope to increase to current market value of £2870 per Calender Month - £34,440 Per annum.

Council Tax Flat 1 C, Flat 2 A, Flat 3 A
Flat One - £775 PCM A ground floor flat with two bedrooms, one with an en suite wc room. A Living room with bay window, family bathroom, a fitted kitchen with appliances and access to a rear garden.
Entrance Hall way With door off to living room, bathroom, bedrooms and kitchen.
Living room - 5.71m into chimney breast x 5.52 into bay window (17.22” x 18.11”) A UPVC glazed bay window, radiator and fire surround
Main bedroom - 5.23 x 4.72m (17.15” x 15.48”) A UPVC glazed window, radiator. There is an ensuite WC room which comprises WC, wash hand basin and storage cupboard.
Second bedroom - 3.32m x 2.37m (10.89” x 7.78”)
Kitchen - 2.58m x 3.36m (8.46.” x 11.02.”) Comprises a range of wall and base kitchen units, roll top work counter, integrated electric oven, gas hob, extractor fan, fridge freezer, a washing machine and gas fired central heating boiler.
Bathroom - 3.32m x 1.80m (10.89.” x 6.20.”) Comprises a bath with a shower over, low flush wc, wash hand basin, two UPVC glazed windows and a radiator panel.
Flat 2 - £800 PCM
Living room - 4.81m into chimney breast x 4.52m (15.78.” x 14.83.”) A UPVC glazed bay window and a radiator panel.
Main Bedroom - 4.34m x 3.60m (14.32” x 11.81”) A UPVC glazed window and radiator panel.
Bedroom two - 4.37m x 3.25m (14.11” x 10.66”) A UPVC glazed window and radiator panel.
Bedroom three - 3.73m x 2.56m (12.24” x8.40”) A UPVC glazed window and radiator panel.
Kitchen - 2.74m x 2.51m (8.99.” x 8.23.”) Comprises a range of wall and base kitchen units, roll top work counter, integrated electric oven, gas hob, extractor fan, fridge freezer, a washing machine, gas fired central heating boiler, a UPVC glazed window and radiator panel.
Bathroom - 2.81m x 2.52m (9.22.” x 8.27.”) Comprises a bath, a separate shower cubicle, low flush wc, wash hand basin, UPVC glazed window and a radiator panel.
Flat 3 - £700 pcm
Kitchen/Living room - 9.09m x 3.53m (29.82” x 11.58”) The kitchen has a range of wall and base units, roll top counter, integrated appliances which includes a fridge freezer, dish washer, washing machine, oven and hob.
Master bedroom - 4.40m x 3.17m (14.43” x 10.40”) a UPVC glazed window and radiator panel.
Bathroom - 2.78m x 1.60m (9.12.” x 5.25.”) comprises a bath, a separate shower cubicle, low flush wc, wash hand basin, UPVC glazed window and a radiator panel.

Tenure: Freehold

EPC Rating: D C D

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.