2 bedroom penthouse

For Sale by MODERN METHOD OF AUCTION, Starting Bid £140,000 plus Reservation Fee.

Calling all investors! Based on the average income the seller has generated per annum (£29,928), this property offers a gross yield of 21%. Having been let via both airb'n'b, as well as on conventional AST's, the property has always benefitted from good rental demand due to its city centre location.

Step into luxury living with this stunning period penthouse maisonette in a prime location in the heart of Wolverhampton City Centre.

The property benefits from being located approximately a 2 minute walk from the train station and approximately a 20 minute commute into Birmingham City Centre.

This bright and charming property boasts a modern and stylish design, offering a comfortable and spacious living environment. The apartment is well maintained and exudes a sense of luxury throughout.

With convenient access to local amenities and transport links, this property is ideal for those seeking both style and convenience.

The well-lit interiors provide a welcoming atmosphere, perfect for relaxation or entertaining guests.

Don't miss out on the opportunity to own this immaculate penthouse apartment that epitomizes sophisticated city living. Contact us now to arrange a viewing and experience the epitome of modern luxury living.

This property is for sale by The West Midlands Property Auction, powered by iam-sold Ltd.

Agent Notes:
Lease Start Date - 125 Years from 1st May 2001
Lease Term - 102 years remaining

Ground Rent £150pa
Service Charge £964 per quarter

Mobile coverage from all four major networks available*
Superfast broadband available*
Electricity, water and drainage are mains connected
Electric storage heaters

Results provided by Ofcom and correct at time of listing*

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.