Residential Investment

Freehold Investment This lot consists of 6 mid terraced properties, each of which has been converted into 2 self contained flats. It also includes gardens and backland accessed by a private drive from Bernard Street on which sits 9 garages in 3 blocks of 3. The properties are all let on various tenancy agreements, bringing in an income of £72,000 per annum. 5 of the garages are currently let bringing in an additional income of £1,740.00 per annum. We have included an example floorplan for both a ground floor flat and a first floor flat. In further detail, the properties comprise the following:-

Tenure

Freehold

Flat 13 (ground floor)

At this time the Auctioneers have not managed a physical inspection of the property, but advise that the property is let on Assured Shorthold Tenancy (AST) from May 2016 at a rent of £375.00 PCM (£4,500.00 per annum). We assume the accommodation to comprise:- Hallway, Lounge, Bedroom, Kitchen, Bathroom, Separate W.C.

Flat 13a (first floor)

Let on an AST from April 2021 at £575.00 PCM (£6,900.00 per annum). The gas centrally heated (not tested) and double glazed accommodation comprises:- Communal Hallway, stairs to Landing, Lounge 4.2m x 4.1m, Kitchen 3.8m x 3m, Bedroom One 3.9m x 3.9m, Box Room 1.5m x 2.9m, Bathroom with white suite. Second Floor: Bedroom Two (4.8m x 3m).

Flat 15 (ground floor)

Let on an AST from November 2019 at £450.00 PCM (£5,400.00 per annum). The double glazed accommodation comprises:- Communal Hallway, door to Hall, Lounge 4.1m x 5.1m, Kitchen 3.5m x 2.6m, Bedroom 3.8m x 3.9m, Bathroom, Separate W.C.

Flat 15a (first floor)

Let on an AST from December 2019 at £470.00 PCM (£5,640.00 per annum). The gas centrally heated (not tested) and double glazed accommodation comprises:- Communal Hallway, Staircase leads to Landing providing access to Lounge 5.6m x 4.2m, Kitchen 3.8m x 3m, Bedroom 3.9m x 3.8m, Box Room 2.5m x 1.3m, Bathroom 2.4m x 1.87m with white suite, Separate W.C.

Flat 17 (ground floor)

Let on an AST from June 2021 at £450.00 PCM (£5,400.00 per annum). The gas centrally heated (not tested) and double glazed accommodation comprises:- Communal Hallway, Door to hallway, Lounge 4.1m x 4.1m, Kitchen 4.7m x 3m, Bedroom 3.9m x 3.5m, Bathroom 2.9m x 1.9 max.

Flat 17a (first floor)

Let on an AST from February 2020 at £545.00 PCM (£6,540.00 per annum). The gas centrally heated (not tested) and double glazed accommodation comprises:- Communal Hallway, Staircase leads to Hall, Lounge 4.3m x 4.1m, Kitchen 2.97m x 2.8m, Bedroom One 3.8m x 3.8m, Box Room 2.9m x 1.5m, Bathroom 2.4m x 1.7m with white suite. Separate W.C. Second Floor: Bedroom Two (4.8m x 3m)

Flat 19 (ground floor)

We advise that the property is let on AST from March 2019 at £460.00 PCM (£5,520.00 per annum). We assume the accommodation to comprise: Communal Hallway leads to Entrance Hall, Lounge 4.2m x 4.27m, Kitchen 4.47m x 2.39m , Bedroom 3.9m x 3.9m, Bathroom 1.83m x 3.02m, Separate W.C.

Flat 19a (first floor)

Let on an AST from October 2021 at £550.00 PCM (£6,600.00 per annum). The gas centrally heated (not tested) and double glazed accommodation comprises:- Communal Hallway, staircase leads to Hallway, Lounge 5.6m x 4.2m, Kitchen 2.8m x 3m, Bedroom 3.9m x 3.8m, Box Room 2.5m x 1.5m, Bathroom, Separate W.C.

Flat 21 (ground floor)

Let on an AST from January 2020 at £425.00 PCM (£5,100.00 per annum). The gas centrally heated (not tested) and double glazed accommodation comprises:- Communal Hallway, door leads to Hall, Lounge 3.4m x 4.5m, Kitchen 3.5m x 3m, Bedroom 3.7m x 3.7m, Bathroom.

Flat 21a (first floor)

Let on an AST from June 2019 at £505.00 PCM (6,060.00 per annum). The gas centrally heated (not tested) and double glazed accommodation comprises:- Communal Hallway with staircase leading to Landing, Lounge 4.3m x 4.2m, Kitchen 3.6m x 2.5m, Bedroom One 3.1m x 3.7m, Box Room 2.8m x 1.5m, Bathroom with matching white suite. Second Floor: Bedroom Two 3m x 4.7m.

Services

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

Local Authority

Walsall Metropolitan Borough Council

Additional Fees

Buyer's Premium - 2% (minimum £2,000) plus vat

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.