Eden Mews, Lomax Road, Cannock, WS12 4EG
10 bedroom investment property in Cannock
Guide price*
£595,000+
Plus fees
Sold prior to auction, for an undisclosed amount
Lot information
Residential Investment
Auction details:
Wednesday 9th February 2022 @ 09:00AM
A freehold, fully let investment property. Current Gross Income: £36,120 pa.
Property 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.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.Accommodation
1 Eden Mews – Ground Floor two bedroom,1 bathroom apartment2 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
Energy Performance Rating
See legal pack.Tenure
Freehold – Subject to the existing tenancies.Tenancy Details
1 Eden Mews – £500 pcm2 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 per calendar month - £36,120 per annum
Value Added Tax
VAT may or may not be applicable. Purchasers should satisfy themselves in this regard.Remote Bidding Auction
This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.Viewings
External viewings only.DISCLAIMER
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
