Flat
A potential buy to let investment requiring a cosmetic upgrade with the potential to generate a rental income in the region of £6,500 per annum. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
This duplex apartment has the added benefit of a shared freehold and is located within close proximity of the University of Wolverhampton and a wide range of local amenities and transport links. The apartment itself has a wealth of accomodation, it has its own front door with stairs leading to a landing with a storage area, a generously sized lounge, bathroom, seperate dining/kitchen with access to the stairs leading up to the converted loft which is a double bedroom.
Viewing is highly recommended.
A share of the freehold is also being sold within this sale. Please see legal pack for more information.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Leasehold. Vacant possession upon completion.
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 Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s 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 and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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.
