Flat for sale in Spencer Street, Jewellery Quarter, Birmingham B18

*** Below Market Value! ***

An individual two bedroom character apartment, with gated and CCTV monitored allocated parking, situated in Birmingham's vibrant Jewellery Quarter within easy walking distance of all local amenities and public transport links; being offered for sale with no upward chain.

Accessed via a video intercom entry system, the ground floor property benefits from large double-glazed windows and electric heating.

The superbly presented accommodation comprises in brief: Entrance hallway, bright and spacious open plan living room with a feature fireplace, comprehensively fitted kitchen area with integrated appliances, two excellent bedrooms and a modern family shower room.

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As each household in the Old Silver Works owns a share of the building's management company, the combined 'peppercorn' ground rent and service charge is significantly lower than the majority of other apartment blocks across the City.

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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.<br /><br />