Property for sale in Rookery Road, Handsworth, Birmingham B21

Being Sold by Yopa Online Auction Starting Bids from £210,000 Buy it now option available

Please call or visit Yopa Online Auctions for more information.

Yopa Online Auctions is a new, innovative and pioneering platform for buying and selling property. Open to both cash and mortgage buyers. It provides all the benefits synonymous with traditional auctions, including: Speed and certainty of sale, transparency and zero risk of gazumping or double-selling but with the added advantage of being able to bid pressure-free from the comfort of your own home or office via desktop, tablet or mobile phone. Yopa also offer a Buy-it-Now feature which allows you to place an offer and purchase before the Auction end date.

I am delighted to present to the market this mixed used commercial space and resifential flat above, currently listed for sale. This property boasts a unique mix of commercial and residential use, making it an ideal investment opportunity.

The flat is in good condition, having been recently renovated to a high standard. The open-plan design of the living area enhances the sense of space and allows a wealth of natural light to fill the room. This flat offers one spacious double bedroom that benefits from abundant natural light, providing a serene environment for rest and relaxation.

The property includes a well-appointed open-plan kitchen, flooded with natural light and offering ample dining space to enjoy meals. The kitchen has been designed with the modern homeowner in mind, with a sleek finish that complements the overall aesthetic of the flat.

In addition to the residential aspect, the property commercial space has a kitchen area and sitting area. It is an open-plan area that seamlessly integrates with the rest of the space. The commercial space, currently operates as a restaurant, adding a unique and profitable dimension to this property.

The apartment is generating an income of £650 per month

The commerical space generates an income of £850 per month

Over 7% yeild!

Another striking feature of this property is its location. Situated in an urban area with a strong local community, this property is surrounded by green spaces, providing a peaceful retreat from city life. It is also conveniently close to public transport links, nearby schools, and local amenities, making it an ideal choice for those seeking convenience and a vibrant community spirit.

Selling chain-free and freehold, this property is a fantastic investment opportunity not to be missed.

Material information:

The information above has been provided by the vendor, agent and goto Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract are issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort.

The Buyer’s Premium 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 a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £6,600 including VAT plus an administration charge of £372 including VAT, a total of £6972. This secures the transaction and takes the property off the market.

The Buyer’s Premium and administration charge are in addition to the final negotiated selling price

Disclaimer

Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.

Money Laundering Regulations

Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.