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A First Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £6,240 per annum
The property comprises a first floor studio flat situated within a end of terrace building arranged over ground and first floors.
Tenure
Leasehold. The property is held on a 99 year lease from 25 March 1974 (thus approximately 53 years unexpired). At the buyer's request a section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.
Location
This property is situated on a residential road in Tipton close to local shops and amenities. The open spaces of Victoria Park and Dudley Canal are within easy reach. Transport links are provided by Dudley Port rail station.
Accommodation
First Floor Studio Room Kitchen Bathroom
Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £520 per calendar month.
Current Rent Reserved
Current Rent Reserved £6,240 per annum
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.