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44 Churchfield Avenue, Tipton, DY4 9NF

Lot no: 162 Unsold
 

Guide Price £34,000 - £38,000 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 the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 14th December 2017

10.30am
Key Features
  • A Leasehold Three Bedroomed Flat Investment
  • Current Gross Income: £7,320 pa
  • EPC Rating: C
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Unsold

Flat

Property Description:

A Leasehold purpose built three bedroomed flat set back from the road behind communal gardens with car parking to the rear.

Ground Floor

Common Entrance with Intercom System, stairs to first floor.

First Floor

Apartment 44:- Entrance Hall, Lounge, Kitchen, Three Bedrooms, Bathroom and separate WC.

Outside

Communal Gardens and Car Parking to the rear.

The property has the benefit of gas fired central heating and the majority of the windows are double glazed.

Tenure

We understand that the property is Leasehold (further details will be available within the Legal Pack) and being sold subject to the existing tenancy.

Tenancy Details

The flat is let on an Assured Shorthold Tenancy at a rental income of £610 per calendar month - £7,320 per annum (Lease details will be available within the Legal Pack).

Viewings

Strictly by arrangement with the Auctioneers.

Tenure:

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.