Residential Investment

Situated in the heart of Walsall town centre close to shops, bars and transport links into neighbouring centres. This first floor apartment would make an ideal first time/ buy to let purchase. The property brief comprises; electric heating, Hall, Lounge/Kitchen, Two Double Bedrooms and Shower Room. To be sold with sitting tenant currently paying £500 per calendar month.

Tenure

Leasehold

Accommodation

Entrance Hall Communal hallway and stairs with hardwood front door into Hall Having window to side elevation, down lighters, wall mounted electric heater and doors leading off to Lounge/Kitchen 16' 4'' x 10' 3'' (4.97m x 3.13m)Having a range of wall and base units with roll top work surfaces, sink with drainer and mixer tap over, oven, hob with extractor over, plumbing for washing machine, down lighters, wall mounted heater and two double glazed windows to fore. Bedroom One 9' 10'' x 9' 8'' (3.00m x 2.94m)Having window to side elevation, down lighters and wall mounted heater. Bedroom Two 9' 8'' x 9' 3'' (2.95m x 2.82m)Having two windows to fore, down lighters and wall mounted heater. Shower Room 5' 11'' x 5' 9'' (1.80m x 1.74m)Having shower cubicle with shower, low flush WC, wash hand basin, part tiled walls, downlighters and heated chrome towel rail.

Outside

The property is approached via a main door with telecom system with communal areas and stairs leading to apartment.

Viewings

Viewings Via Appointment

Council Tax

Band B - Walsall

Ground Rent

As per the Title/Lease documentation obtained from HM Land Registry:- • Initial Rent of £150 per annum payable half yearly in advance on 1st April and 1st October in every year • Rent increases as per the terms of the Lease as follows:- From 1st April 2005 to 31st March 2030 £150 p/a From 1st April 2030 to 31st March 2055 £300 p/a From 1st April 2055 to 31st March 2080 £450 p/a From 1st April 2080 to 31st March 2105 £600 p/a From 1st April 2015 to 31st March 2130 £750 p/a Please see copy Ground Rent Statement in Legal Pack.

Service Charge

As per the Title/Lease documentation obtained from HM Land Registry:- • Initial provisional service charge of £587 per annum – however please see the copy Service Charge Invoices and Estimate provided by the Seller in the legal pack.

Tenure

Leasehold-125 years commencing on 1st April 2005 – approximately 108 years unexpired on Lease Term

Energy Efficiency Rating (EPC)

Current Rating E

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

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.