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

 

67 Church Street, Wednesbury, WS10 8DY

9 studio apartments in Darlaston

Guide price*

£350,000+

Plus fees

Unsold, please refer to Auctioneer

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Finance available on this property

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Lot 83 Residential Investment
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Auction details:

Wednesday 23rd October 2019 @ 10:30AM

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

A FREEHOLD DETACHED INVESTMENT PROPERTY OF NINE STUDIO APARTMENTS CURRENT GROSS INCOME: £41,220 PA

Property Description

A detached property standing back from the road behind a forecourt and some off-road parking. The property has been converted into nine studio apartments.

Accommodation

Ground Floor: Canopy Porch Entrance, Hall, Store, Five Studio Apartments.
First Floor: Landing, Store, Four Studio Apartments.
Outside: Forecourt with some off-road parking.

Energy Performance Rating

Flat 1 - C, Flat 2 - C, Flat 3 - C, Flat 4 - C, Flat 5 - D, Flat 6 - C, Flat 7 - C, Flat 8 - C, Flat 9 - D.

Tenure

Freehold – Subject to the existing tenancies.

Viewings

Strictly by appointment with the Auctioneers.

Tenancy

Room Term Rental
Flat 1 Let on an Assured Shorthold Tenancy at £375 per calendar month.
Flat 2 Let on an Assured Shorthold Tenancy at £375 per calendar month.
Flat 3 Let on an Assured Shorthold Tenancy at £375 per calendar month.
Flat 4 Let on an Assured Shorthold Tenancy at £395 per calendar month.
Flat 5 Let on an Assured Shorthold Tenancy at £395 per calendar month.
Flat 6 Let on an Assured Shorthold Tenancy at £375 per calendar month.
Flat 7 Let on an Assured Shorthold Tenancy at £375 per calendar month.
Flat 8 Let on an Assured Shorthold Tenancy at £395 per calendar month.
Flat 9 Let on an Assured Shorthold Tenancy at £375 per calendar month.
Total: £3,435 per calendar month - £41,220 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.

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