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Flat 6 Bridge Lofts, 3 Leicester Street, Walsall, West Midlands WS1 1PT

Lot no: 61 Withdrawn Post for £68,000
 

Guide Price £65,000+ plus fees

Unconditional with Variable 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.

Tuesday 19th December 2023

10.00am
Key Features
  • Investment opportunity currently let at £460pcm
  • Town centre location
  • Potential for double digit yield on guide price
  • Close to bus and train station
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Withdrawn Post for £68,000

Flat

Property Description:

A spacious one bedroomed flat located in Walsall town centre ideal for investors.

The mid-floor accommodation comprises of a hallway, lounge, fitted kitchen, bedroom and shower room. The property benefits from electric heating, high ceilings and being within walking distance of the bus and train stations.

We have been advised the property is let on a rolling basis at £460pcm.

Hallway

Wooden flooring, electric heater, high ceiling with spot lights, entry phone, doors off.

Living Room - 12ft 9 x 12ft 1

Wooden flooring, electric heater, high ceiling with spot lights, large feature window.

Kitchen - 7ft 10 x 7ft

Wooden flooring, high ceiling with spot lights, fitted kitchen with various wall units, splash back tiling, ample worksurface with cupboards and drawers under, stainless steel single drainer one and a quarter bowel sink unit with mixer tap over, integrated electric oven and hob with extractor hood over, integrated fridge/freezer, washing machine.

Bedroom - 12ft 10 x 10ft 3

Fitted carpet, electric heater, high ceiling with spot lights, large feature window.

Shower Room

Vinyl flooring, tiled walls, chrome towel radiator, low level WC, wash hand basin, shower cubicle with mixer shower.

Leasehold Information

125 years from 1 April 2005. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Leasehold. Subject to tenancy.

Unexpired Years

107




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. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers 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 Buyers 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.