117-123 Tettenhall Road, Wolverhampton, WV3 9NJ
2 semi detached investment properties in Wolverhampton
A Freehold Residential Investment Property with further development potential Current Gross Income: £79,560pa
Property DescriptionThis Freehold investment comprises of two pairs of semi detached houses with a car park to the rear, which may offer future development potential. Set back from the main A41 Tettenhall Road in corner position behind a fore and side garden with rear garden and car park which may hold the potential for future development subject to obtaining the necessary planning consents.
AccommodationThe four spacious semi detached properties have been converted into ten one bedroom flats and eight studio apartments.
Energy Performance RatingSee Legal Pack.
TenureFreehold – Subject to the existing tenancies.
Tenancy DetailsIt is understood that all letting units are let on Assured Shorthold Tenancies and are currently producing a total annual income of £79,560.
PlansAny plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.
Auctioneers Note1. 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.
2. Please note that we have not had sight of the tenancy agreement at the time of going to print.
3. Please note that the completion period for this property is 8 weeks (56 days).
ViewingsStrictly by appointment with the Auctioneers.
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.
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.