Studio Flat For Sale £150,000
Arthur Place, Birmingham, West Midlands, B1

* BUY-TO-LET INVESTMENT OPPORTUNITY! *

Located in proximity to the highly sought-after Jewellery Quarter, the contemporary feel of this city centre property would perfectly suit those seeking the enjoyment of the vibrant lifestyle that Birmingham has to offer.

The open plan structuring of the layout means that light floods into all corners of the studio from the balcony window and maximises daylight hours from the bedroom right through to the lounge area.

As aesthetically conscious as is it functional, and with plentiful counter space and fitted cupboards, the bright and stylish kitchen lends itself well to culinary ventures both alone or with company. Opening up into the lounge area gives it a homely and open feel, inviting conversation or a quiet moment of contemplation after a busy day at work. The property also benefits from modern wooden-style flooring, which is both convenient for cleaning and reflects light.

A built-in mirrored wardrobe offers clever storage space and allows for ample depository of laundry. As well as electrical heating throughout the property the bathroom has a large luxurious shower and heated curtain rail, meaning you can wrap up in a warm towel as soon as you are finished showering. Bliss!

Views of the inward-facing courtyard give a sense of community whilst still maintaining privacy. Decking supplies a carefree alternative to gardening, and the sun trap that is created captures every bit of sunshine.

Relax in the summer sun with the perfect outdoor spot, ideal for listening to music or lying back with a book. The patio area provides greenery and a focal point for socialisation, perfect for those leisurely weekends taking in all that the city has to offer.

With secure parking, you can leave the car and take the short walk into to Brindleyplace or the Jewellery Quarter to enjoy the cosmopolitan nightlife of bars and restaurants nearby.

Having a tenant in situ until October 2024 paying £800PCM, the property is currently yielding a 6.4% gross return making it a great addition to any buy-to-let portfolio.

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A reservation fee, refundable on exchange, will be payable by the Buyer to Barrows & Forrester Property Group Ltd prior to issuing the Memorandum of Sale and marking the property as Sold Subject to Contract.

This fee will be reimbursed upon Exchange of contracts.

In the instance the Seller withdraws from the sale the fee will be returned to the Buyer.

The fee will be retained by Barrows & Forrester Property Group Ltd to cover costs in the event the Buyer withdraws from the purchase or doesn't Exchange within 6 months of the fee being received other than as a result of:
1. Any structural or material issues arising from any survey that has not previously been disclosed. 2. A defect in the seller’s legal title.
3. The local searches reveal any matter that has a material adverse effect on the market value of the property that were previously undeclared or unknown.
4. The buyers chain falling through no fault of the buyer.
5. The vendor not securing a property in the allotted timeframe.
6. The vendor withdrawing the property from the market.

The reservation fee levels are as follows:-
-An agreed offer under £300,000 will be £750 inclusive of VAT.
-An agreed offer between £300,001 and £500,000 will be £1,000 inclusive of VAT.
-All agreed offers over £500,001 and £1,000,000 will be £1,500 inclusive of VAT.
-All agreed offers over £1,000,001 will be £2,500 inclusive of VAT.

The reservation fee is payable upon acceptance of an offer which itself is subject to an assessment of ability to proceed.

Any renegotiation of an accepted price after the issue of the Sales Memorandum for any reason not covered in points 1 to 6 above will lead to the reservation fee being retained.

A further fee will be payable on any subsequent reduced offer accepted by the vendor.

This will be returnable subject to the conditions that prevail for all reservation fees.