Flats 1, 2 and 3, 8 York Street, Stourport-on-Severn, DY13 9EG
Residential investment opportunity in Stourport-on-Severn.
Freehold residential investment opportunity Current gross rent: £15,240 per annum
Property DescriptionThe property is situated in the middle of Stouport on Severn above a shop premises where the property has been well converted into three self-contained apartments. The property has been converted to provide 2 one bedroom and 1 two bedroom apartments which are accessed from the road by a staircase to a shared communal terrace.
AccommodationGround Floor: Side approach staircase to a communal terrace which offers self-contained access to all three flats.
Apartment 1 - Living room with kitchen, shower room and WC and bedroom.
Apartment 2 - Living room with kitchen/diner, two bedrooms and shower room and WC.
Apartment 3 - Entrance hall, shower room and WC and access to second floor, lounge, kitchen, bedroom and access to private rooftop terrace.
All the apartments are electric and have UPVC double glazing.
Energy Performance RatingFlat 1 - Rating E
Flat 2 - Rating F
Flat 3 - Rating D
TenureThe property is Freehold and sold subject to the existing tenancies.
ViewingsStrictly by appointment with the auctioneers.
TenancyThe shop premises to the ground floor was sold on a long lease and full details will be available within the legal pack.
|Apartment 1||Assured Shorthold Tenancy||£430 pcm|
|Apartment 2||Assured Shorthold Tenancy||£430 pcm|
|Apartment 3||Assured Shorthold Tenancy||£410 pcm|
|Current rental income:||£15,240 per annum|
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.
Freehold commercial ground rent in Birmingham being sold of behalf of Birmingham City Council