Lot 4 - Apartment 1703, The Cube East 200, Wharfside Street, Birmingham, West Midlands, B1 1PR

  • Unconditional Online Auction Sale
  • Guide Price* : £230,000 plus
  • Bedrooms: 2

Two bedroom seventeenth floor city centre apartment

Description

A well presented two bedroom seventeenth floor apartment, externally facing and with a private terrace benefitting from views of the canal, Gas Street Basin and Centenary Square. The property is found in a well regarded location in the heart of Birmingham city centre, approximately half a mile from Birmingham New Street station. The block benefits from a concierge service, 24 hour security and on the 25th floor is Marco Pierre White Steakhouse Bar & Grill, where stunning views of the city can be enjoyed.
We understand parking spaces in the underground car park, with automated parking, are available to rent from the managing agent on a 3, 6 or 12 months basis. The east side of The Cube is reserved for owner occupiers, with the west side for investment.

Other Information

Local Authority – Birmingham City Council
EPC Rating – C

Tenure

Leasehold - current ground rent £450 pa (increasing by £100 every 10 years); 2021 service charge of £5,000 and budgeted for 2022 at £6,000

Viewings

Maguire Jackson - 0121 634 1520

Lease Start Date

25/12/2005

Lease Duration

125 years (108 years unexpired)

Annual Ground Rent

£450 - reviewed every 10 years

Annual Service Charge

£5,000

Accommodation

Seventeenth Floor
Hall, open plan lounge / diner, kitchen, bedroom 1 with en-suite shower room, bedroom 2, bathroom
Exterior
Private terrace
Underfloor Heating, centralised hot water (no boiler in the apartment)
No warranty is given for its working order

Additional Information

A contract administration charge of £1,500 (inclusive of Vat) is payable on exchange of contracts. Please note this fee is not part of the deposit or purchase price.

Please refer to the Special Conditions of Sale & General Conditions of Sale for details of any additional fees, costs or disbursements (if applicable), which will form part of the contract.

*Guide price definition

Guide prices are provided as an indication of the seller’s current minimum acceptable price at auction. They are not necessarily figures that a property will sell for, and may change at any time prior to the auction. The guide price may not be the minimum sale price, which can be higher or lower.

Reserve price definition

The reserve price is the minimum acceptable price under the hammer, which remains confidential, and may change at any time prior to the auction. Unless otherwise stated, each property will be sold subject to a reserve. The reserve is expected to be set no more than 10% above a fixed figure guide price, or within a guide price range.

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Agreement Documents

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