Flat
A one bedroom first floor apartment situated within walking distance of Wolverhampton city centre. It is considered an ideal buy-to-let property or alternatively offering an ideal base for easy access to Wolverhampton city centre or Wolverhampton University.
Communal Entrance with Stairs to First Floor.
Apartment 14:- Entrance Hall, Lounge/Kitchen, Bedroom, Bathroom and WC.
Communal Grounds with allocated parking.
The apartment has the benefit of UPVC double glazing and being all electric.
We understand the property is Leasehold (see legal pack for Lease details) and is being sold subject to existing tenancy.
The apartment is let on an Assured Shorthold Tenancy for 36 months from 20th April 2017 at £435 per calendar month plus rental on the allocated parking space at £50 per calendar month - £5,820 per annum (full Lease details will be available within the Legal Pack.
Strictly by arrangement with the Auctioneers.
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.
