Semi-detached house
A Freehold semi detached HMO investment property set back from the road behind a short foregarden with footpath approach. The property is in easy reach of Asda, Wolverhampton town centre and University
Entrance Porch, Hall, Shared Kitchen, Shower Room, Two Bedsitting Rooms and access to Cellar which may be suitable to be utilised for converting to further rooms subject to obtaining the necessary planning consents.
Landing, Bathroom/WC, Three Bedsitting Rooms.
Landing, WC and Two Bedsitting Rooms.
Front and Rear Gardens.
The property benefits from having gas fired central heating and the majority of the windows are UPVC double glazed units.
We understand that the property is Freehold and sold subject to the existing tenancies.
Six of the seven letting rooms are let on Assured Shorthold Tenancies and are producing £1,500 per calendar month - £18,000 per annum. (full Lease details will be available within the Legal Pack).
The Auctioneers had not had the opportunity to inspect the Tenancy Agreements prior to going to print and therefore the details should not be relied upon.
Strictly by arrangement with the Auctioneers.
Freehold. 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.
