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Croft Apartments, Croft Street, Willenhall, Wolverhampton, WV13 2NU

Lot no: 82 Withdrawn
 

Guide Price in excess of £575,000 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.

Wednesday 28th March 2018

10.30am
Key Features
  • A Block of Fifteen Self-Contained Apartments
  • Current Gross Income: £72,200 pa
  • The majority of the windows are UPVC double glazed units and the property benefits from having electric wall mounted heaters.
  • EPC Rating: See Legal Pack.
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Withdrawn

Block of Apartments

Property Description:

A detached block of fifteen self-contained apartments which comprise nine one bedroom and six studio apartments standing in communal grounds.

Ground Floor

Communal Entrance with Staircase.
Apartment 1:- Hall, Bedsitting Room with open-plan Kitchenette, Shower Room/WC.
Apartment 2:- Hall, Living Room with open-plan Kitchen, Bedroom, Bathroom/WC.
Apartment 3:- Hall, Living Room, Kitchen, Bedroom, Shower/WC.
Apartment 4:- Hall, Living Room with open-plan Kitchen, Bedroom, Bathroom/WC.
Apartment 5:- Bedsitting Room with open-plan Kitchen, Shower Room/WC.

First Floor

Communal Landing.
Apartment 6:- Hall, Bedsitting Room with open-plan Kitchen, Shower Room/WC.
Apartment 7:- Hall, Living Room with open-plan Kitchen, Bedroom, Bathroom/WC.
Apartment 8:- Hall, Living Room, Kitchen, Bedroom, Shower Room/WC.
Apartment 9:- Hall, Living Room with open-plan Kitchen, Bedroom, Bathroom/WC.
Apartment 10:- Bedsitting Room with open-plan Kitchen, Shower Room/WC.

Second Floor

Communal Landing.
Apartment 11:- Hall, Bedsitting Room, open-plan Kitchen, Shower Room/WC.
Apartment 12:- Hall, Living Room with open-plan Kitchen, Bedroom, Bathroom/WC.
Apartment 13:- Hall, Living Room, Kitchen, Bedroom, Shower Room/WC.
Apartment 14:- Hall, Living Room with open-plan Kitchen, Bedroom, Bathroom/WC.
Apartment 15:- Bedsitting Room with open-plan Kitchen, Shower Room/WC.

Outside

Communal Grounds and Parking.

The majority of the windows are UPVC double glazed units and the property benefits from having electric wall mounted heaters.

Tenure

We understand that the property is Freehold and is being sold subject to the existing tenancies.

Tenancy Details
Viewings

Strictly by arrangement with the Auctioneers.

Tenure:

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.