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33a Lawnside Green, Stowlawn, Bilston, WV14 6HP

Lot no: 134 Sold at Auction for £48,000
 

Guide Price £44,000 - £48,000 plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 14th December 2017

10.30am
Key Features
  • A Leasehold Ground Floor Flat Investment Property
  • Current Gross Income: £4,800 pa
  • EPC Rating: E
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Sold at Auction for £48,000

Flat

Property Description:

A ground floor flat situated in a well established residential location and set back from the road behind a lawned foregarden with footpath approach.

Ground Floor

Entrance Porch to Hall, Store Cupboard, Meter Cupboard, Lounge, Kitchen, Bedroom and Shower Room.

Outside

The flat has the benefit of rear garden which may provide potential for off-road parking subject to obtaining any necessary planning consents or approvals.
The majority of the windows are UPVC double glazed and the property is all electric.

Tenure

We understand that the property is Leasehold (full Lease details will be available within the Legal Pack) and being sold subject to the existing tenancy.

Tenancy Details

A property is let on on Assured Shorthold Tenancy for a period of 3 years from the 28th January 2017 at a monthly rental of £400 per calendar month - £4,800 per annum.

Viewings

Strictly by arrangement with the Auctioneers.

Tenure:

Leasehold. Subject to tenancy.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.