Residential Investment

Situated in a popular residential area, recently constructed of brick under a pitch tiled roof this three storey flat development contains three individual double glazed and gas centrally heated apartments, all of which are let on Assured Shorthold Tenancies, thus making an ideal investment opportunity giving an annual income of £21,000.00. Set on a corner plot with communal garden, the properties are approached oved paved pathway leading to communal hall.

Tenure

Freehold

Flat A (Ground Floor) Not inspected - information obtained from original drawings.

Let on an Assured Shorthold Tenancy from 31st May 2018 with a monthly rent of £600.00. The flat comprises: Entrance Hall with window, door into open Lounge/Kitchen 4m x 6.4m with double doors leading to Juliette balconies to front and side, window, fitted kitchen with range of base and wall units and fitted appliances. Bedroom 4.1m x 2.8m with window, Bathroom suite with panelled bath, wash hand basin and w.c.

Flat B (First Floor) - Inspected by the Auctioneer

Let on an Assured Shorthold Tenancy from 15th May 2018 with a monthly rent of £600.00. The flat comprises: Entrance Hall with window, door into open Lounge/Kitchen 4m x 6.4m with double doors leading to Juliette balconies to front and side, window, fitted kitchen with range of base and wall units and fitted appliances. Bedroom 4.1m x 2.8m with window, Bathroom suite with panelled bath, wash hand basin and w.c.

Flat C (Second Floor) Not inspected - information obtained from original drawings.

Let on an Assured Shorthold Tenancy from 15th May 2018 with a monthly rent of £550.00. Entrance Hall, Open Plan Lounge/Kitchen with range of base and wall units and fitted appliances with French doors to Juliette balcony to front and side. Bedroom, Bathroom with matching suite comprising panelled bath, wash hand basin and w.c.

Outside

Communal Gardens

Buyers Premium

A Buyers Premium of £600.00 inc vat will be charged for this lot in addition to our usual Administration Fee.

Viewing

By appointment through the auctioneers - 0121 289 3838

Energy Efficiency Rating (EPC)

Current Rating B

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Sandwell Metropolitan Borough Council

Solicitors

Mr Jai Najran, CBTC, 3rd Floor, Guardian House, Cronehills Linkway, West Bromwich, B70 8GS, Tel: 0121 553 2576

Additional Fees

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.