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SUMMARY
For sale by Modern Method of Auction. Starting bid price of ?25,000. Plus reservation fee **INVESTMENT OPPORTUNITUY**CASH OFFERS ONLY**FIRST FLOOR STUDIO APARTMENT IN NEED OF FULL REFURBISHMENT** This property is for sale by Connells Online Auction powered by IAM Sold.


DESCRIPTION
** FOR SALE BY MODERN METHOD OF AUCTION**
A studio flat.
Call Connells Dudley to view 01384 214770

Auctioneer's Comments 
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, granting 56 days for completion with an aim to exchange contracts 28 days from the date the buyer's solicitor is in receipt of the draft contracts. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.2% to a minimum of ?6000 (including VAT) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an 'Acknowledgement of Reservation' form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Connells Online Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.

Communal Entrance 
Stairs to first floor accommodation.

Open Plan Living /kitchen 14' 10" max x 18' 5" max ( 4.52m max x 5.61m max )
Living area having glazed window to rear, kitchen area having glazed window to rear, electric point and plumbing.

Bathroom 
Has electric points and plumbing, storage cupboard, further storage area and loft access.

Outside 
Allocated parking space and communal gardens.



Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.



1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.