Block of Apartments
The property comprises of a modern three storey detached building of brick construction and part wood cladding. Internally the apartments are split into two sections both with separate secure glass fronted entrances accessed via key code leading to communal areas containing post boxes and stairs leading to first and second floor apartments. The communal entrances upon inspection appeared clean and tidy with carpeted floors along with fire escape signs and lighting.
To the rear of the property is a gravel car park with space for at least one car per apartment along with visitors. The car park is accessed via a secure gate from Ida Road with rear access to the apartments.
We have been verbally advised of the following tenancies. We would recommend interested parties inspect the legal pack for more information.
Flat 1 (2 bedroom) currently let on an AST tenancy achieving £550 pcm.
Flat 2 (2 bedroom) currently let on an AST tenancy achieving £500 pcm.
Flat 3 (2 bedroom) currently let on an AST tenancy achieving £500 pcm.
Flat 4 (3 bedroom) currently let on an AST tenancy achieving £550 pcm.
Flat 5 (3 bedroom) currently let on an AST tenancy achieving £600 pcm.
Flat 6 (3 bedroom) currently let on an AST tenancy achieving £565 pcm.
Flat 7 (3 bedroom) currently let on an AST tenancy achieving £550 pcm.
Flat 8 (3 bedroom) currently let on an AST tenancy achieving £550 pcm.
Flat 9 (3 bedroom) currently let on an AST tenancy achieving £525 pcm,
The building is located along Pleck Road in Walsall close to the junction with Ida Road. The area comprises a mixture of residential and commercial buildings with the large Walsall Manor Hospital entrance less than 100m away. The area is very well connected via bus, rail and motorway links. Walsall town centre and train station are within a mile and Birmingham city centre less than 20 minutes away.
We understand that VAT will not be chargeable on this transaction.
See Legal Pack.
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.
