Studio flat
A first floor studio flat which is ready for immediate occupation, making it an ideal investment opportunity, with a potential rental return of £5,100 per annum once let. It is located at the end of a cul de sac and within 5 minutes walking distance of Dudley Port train station, providing access to Wolverhampton and Walsall via Birmingham New Street.
The property comprises:
This area has been partitioned to make two separate areas.
Lounge Area - 9.5ft x 11.6ft
Bedroom Area - 14.7ft x 6.3ft
7.6ft x 5.7ft
5.8ft x 5.3ft
The property is leasehold and we believe the lease is dated 24th June 1982 for a length of 120 years, leaving approximately 83 years left. We are informed the property is subject to a ground rent of £20 per half year. We have not verified this information, interested parties are advised to seek clarification from 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.
