Block of Apartments
A block of four maisonettes located in the Blakenall area of Walsall and benefiting from four allocated car parking spaces and the freehold title. All four properties are currently let under ASTs at £425 pcm.
An excellent investment opportunity of a freehold block of 4 maisonettes with 4 parking spaces all let under Assured Shorthold Tenancies achieving over £20,000 annual income.
Located just outside of Walsall close to local shops and facilities in Bloxwich and with excellent bus services to local towns. Built in 2006 the properties are all one bedroomed maisonettes, two on the ground floor and two on the first floor. Internally each property has a living room, double bedroom, bathroom and separate kitchen. All have electric heating and double glazing.
We understand the properties are let on Assured Shorthold Tenancies at £425 pcm. The Auctioneers have not verified the tenancy agreements and further information will be provided within the legal pack.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Conditional with Reservation Fee (England and Wales).
Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Fees:
The following non- refundable auctioneers fee applies:
• Reservation Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 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.
