We are back in the auction room for our 21st July auction!

 

35, 35A, 35B, 35C & 35D Wood Lane, Willenhall, WV12 5NE

Residential Investment Property Comprising of 5 Self Contained Flats in Willenhall

Guide price*

£200,000+

Plus fees

Sold after auction for an undisclosed amount

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Finance available on this property

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Lot 58 Residential Investment
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Auction details:

Wednesday 3rd July 2019 @ 10:30AM

Holte Suite, Aston Villa FC, Trinity Rd, Birmingham B6 6HE

A Freehold Residential Investment Property Comprising Five Self-Contained Flats Current Rental Income: £24,000 pa

Property Description

The property comprises a two storey link detached of brick construction surmounted by a pitched tile roof and part flat roof. The original building has been converted to provide five self-contained flats, on the ground floor there is a communal entrance hallway, and two 2 bedroom flats and one 1 bedroom flat. On the first floor there is landing and two further 1 bedroom flats. Outside there is a generous parking forecourt to the front and garden to the rear.

Location

The property fronts Wood Lane at its junction with Shelley Road within an established and popular residential neighbourhood.

Energy Performance Rating

35 - D, 35A - E, 35B - D, 35C - D, 35D - D

Tenure

We understand that the property is Freehold subject to the following Assured Shorthold Tenancies:

Viewings

Strictly by appointment with the Auctioneers.

Tenancy Details

Blank Blank
No. 35 (Two Bedrooms) £500 pcm (£6,000 pa)
No. 35a (One Bedroom) £350 pcm (£4,200 pa)
No. 35b (One Bedroom) £350 pcm (£4,200 pa)
No. 35c (Two Bedrooms) £450 pcm (£5,400 pa)
No. 35d (One Bedroom) £350 pcm (£4,200 pa)
Total Rental Income £24,000 pa
We have not had sight of the documentation, however copies of the Tenancy Agreements will be available for inspection within the Legal Pack.
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.

REMOTE BIDDING AUCTION

Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only.  You must pre-register to bid for each auction no later than 24 hours 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.

Remote bidding registration