Apartment
A three bedroomed apartment which requires a scheme of modernisation and redecoration throughout, and is located within one mile of Coseley train station providing easy access to Wolverhampton, Birmingham New Street, Liverpool Lime Street and London Euston, making it an ideal location for the commuter.
The property is sold with vacant possession which once let would make an ideal addition to an investment portfolio, with a potential rental income of £600 pcm and a yield of 14% if purchased at the current guide price.
The property comprises:
With access to -
13’9 x 12’2 both max
11’10 x 7’3
Bedroom One - 11’11 x 11’5
Bedroom Two - 8’7 x 8’1
Bedroom Three - 8’8 x 8’8
7’7 x 4’10
Communal gardens
We are informed the current ground rent is £10.00 per year. The Buildings Insurance for the period 01/10/2019 to 30/09/2020 is £113.47. The estimated service charge for 2019 was £298.13. The current balance in the major repairs fund is £1,649.97, however, there are repairs which will be charged at the financial year end. Further details will be provided within the legal pack.
Leasehold.
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.
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