Eden Mews Lomax Road, Hednesford, Cannock, WS12 4BU

A freehold, fully let investment property.

Property details

Type Investment
Tenure Freehold, suject to the existing tenancies.
Price £595,000
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Features
  • Detached modern Freehold apartment block
  • Comprising 6 self-contained apartments
  • Car parking to the front
  • Adjacent to open sports field
  • Fully let producing £36,120 per annum
  • Freehold - £595,000
Location
Eden Mews is situated at the end of Lomax Road ,a access via a side gated access road leading to the communal front car park. Lomax Road is accessed from Bradbury Lane ( via Common View) which leads directly of the main A460 Rugeley Road. The property lies approximately 1 mile north of Hednesford Town centre and railway station. Hednesford itself sits approximately 1 mile north east of Cannock Town Centre with the A5 & M6 major road networks accessible 3 miles to the south .
Description

The property comprises a modern purpose built detached block of apartments located adjacent to a sports ground and with good access to all local amenities. There are six self-contained apartments accessed via a communal front entrance door, set back beyond the communal car park to the front of the building.

Accommodation
1 Eden Mews – Ground Floor two bedroom,1 bathroom apartment
2 Eden Mews – Ground Floor one bedroom , 1 bathroom apartment
3 Eden Mews – Ground Floor two bedroom, 1 bathroom apartment
4 Eden Mews – First Floor, two bedroom, 1 bathroom apartment
5 Eden Mews – First and Second Floor Duplex two bedroom, two bathroom apartment
6 Eden Mews – First Floor two bedroom, 1 bathroom apartment
Price
Offers are invited on £595,000 for the Freehold interest, subject to the existing tenancies.
Tenancy
1 Eden Mews – £500 pcm
2 Eden Mews – £475 pcm
3 Eden Mews – £485 pcm
4 Eden Mews – £495 pcm
5 Eden Mews – £570 pcm
6 Eden Mews – £485 pcm
Total Rent - £3,010 pcm, equating to £36,120 per annum
VAT
VAT may or may not be applicable. Purchasers should satisfy themselves in this regard.
EPC
Available upon request.
Legal Costs
Each party are to responsible for their own legal costs that may be incurred in this transaction.
Anti Money Laundering
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.