Flat
The property comprises of two separate, well laid out, one bedroom flats, both let out bringing a total income in of £15,600 per annum.
Each flat has separate services, accessed from a rear private entrance and including a hard standing parking area for two cars and rear garden.
The property is situated over a parade of shops, set back from Beacon Road behind a service road and forms part of a popular residential area. Beacon Road leads directly off Queslett Road which leads off Walsall Road (A34). The flats benefit from UPVC double glazed windows and have strong income rental income of £15,600 from the letting of both flats separately.
Both Flats have professional tenants.
Private rear access from shared driveway, external stairs to:
First Floor
Shared Entrance Hall
Flat 142A - Bedroom, Inner Hall, Bathroom with bath and having shower over, pedestal wash basin and W.C, Kitchen, Lounge, Gas Central heating
Second Floor
£650 per calendar month
Flat 142B - Stairs and Landing, Bathroom with bath and having shower over, pedestal wash basin and W.C, Bedroom, Lounge, Kitchen, Electric Heating.
Outside - Rear garden and parking spaces for two cars
£650 per calendar month
Peppercorn Ground rent
Service charge £400pa
These sales details are awaiting vendor approval
Term - 120 years from and including 1 January 2020 to and including 31 December 2139. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Term - 120 years from and including 1 January 2020 and to and including 31 December 2139. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
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.
