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Flat 5, 437 Cannock Road, Hednesford, Cannock, WS12 4AE

Lot no: 30 Re-entry to a future auction
 

Guide Price £53,000+ 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.

Thursday 25th February 2021

10.30am
Key Features
  • Vacant investment property
  • Potential £5100 pa income
  • Lease in excess of 120 years
  • Ideal for the commuter
  • EPC Rating: E
  • Video tour available
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Re-entry to a future auction

Flat

Property Description:

Located with walking distance to Hednesford train station this one bedroom flat has excellent commutability to Cannock, Rugeley and Stafford. Potential rental income of circa £425pcm/ £5100 pa. Comprising of lounge with open plan kitchen, bedroom and shower room, double glazing and electric heating.

Please note the electric for this flat is connected to Flat 1, please see legal pack for details.

Upper floor accommodation:

Open plan Lounge & kitchen, bedroom and shower room

Bedroom

Shower Room

Lounge and open plan kitchen

Lounge area 22ft 5 x 10ft

Kitchen area 6ft 2 x 4ft

Bedroom

11ft 4 x 9ft 10

Shower Room

5ft x 4ft 1

Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.

The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.

Tenure:

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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