17A Lichfield Street, Stone, Staffordshire, ST15 8NA

3 self contained apartments in Staffordshire

Guide price*

£250,000 +

Plus fees

Sold for £275,000

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Lot 132 Residential Investment
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Auction details:

Thursday 19th May 2022 @ 09:00AM

Live-streamed Auction

A Freehold Residential Investment Property Comprising Three Self-Contained Flats Current Income: £19,740 pa.

Property Description

A deceptively large freehold block of three self-contained apartments, standing flush to the pavement with the benefit of a roof terrace, all finished to a high standard.

Accommodation

Ground Floor: Communal Entrance, Hall.
Flat 1: Hall with Store Cupboard, Reception Room/Kitchen with Fitted Appliances, Double Bedroom, Bathroom/WC with Shower.
Flat 2: Hall with Store Cupboard, Reception Room/Diner with Juliet Balcony, Kitchen with Fitted Appliances, Two Double Bedrooms (One with En-Suite Shower Room/WC), Family Bathroom/WC with Separate Shower.
First Floor:
Flat 3: Landing with Store Cupboard, Reception Room with Patio Doors to Roof Terrace, Kitchen with Fitted Appliances, Two Bedrooms, Bathroom/WC with Shower.
Outside: Roof Terrace.
The Property benefits from having double glazing, electric heating, door entry system and a fire alarm system.

Energy Performance Rating

Flat 1 - D, Flat 2 - E, Flat 3 - E

Council Tax Band

A

Tenure

Freehold – Subject to the existing tenancies.

Auctioneer's Note

At the time of going to print, the Auctioneers were unable to inspect the property internally and therefore the accommodation details should not be relied upon.
Please note offers may be considered prior to the Auction Sale.

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.

Tenancy Details

We understand that all three flats are currently let on Assured Shorthold Tenancies.
Blank Blank
Flat 1 £495 per calendar month - £5,940 per annum
Flat 2 £550 per calendar month - £6,600 per annum
Flat 3 £600 per calendar month - £7,200 per annum
Current Income: £1,645 per calendar month - £19,740 per annum
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 all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. 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 £1,680 inc VAT (£1,400.00 + 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 is available to download free of charge under the ‘lot information’.  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.

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