2 bedroom apartment for sale

Guide Price £95,000 * Plus 3% Buyers Premium plus VAT
For sale by unconditional online auction.


To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk

Investment Opportunity Modern Two-Bedroom Apartment in Wolverhampton - currently tenanted at £935pcm. Gross Yield: Approximately 11.8%

A well-located second floor two-bedroom apartment situated within a purpose-built residential development, approximately 0.4 miles from Wolverhampton City Centre.

The property is currently let at £935 per calendar month (£11,220 per annum), making it an attractive buy-to-let investment with an approximate gross rental yield of 11.8% based on the guide price.

Accommodation

The apartment briefly comprises:

* Two bedrooms
*Open-plan living/dining area
*Kitchen
*Bathroom
*Private balcony

The property further benefits from allocated resident parking and access to communal gardens.

Location

The apartment is conveniently positioned close to a wide range of amenities including local shops, schools, colleges and leisure facilities. Public transport links are readily available via bus, rail and metro services. Additional shopping amenities can be found at St. Johns Retail Park.

Tenure

Leasehold - 102 years left on Lease.

Current Charges

Service Charge: £216 per calendar month (£2,592 per annum)

Ground Rent: £150 per annum

Investment Summary

Guide Price: £95,000

Current Rent: £11,220 per annum

Gross Yield: Approximately 11.8%

Auction Information

The property is offered for sale by auction. Interested parties are advised to inspect the legal pack prior to bidding and satisfy themselves on all lease terms, charges and rental details.

Additional Information:

The Service Charge is £216pcm. Ground rent is £150 per annum. Lease Start Date - 22nd August 2003 Lease Term - 125 years from 25th December 2002. 102 years left on Lease.

* Ultrafast Broadband available
* Mobile coverage from all four major networks available
* The property is connected to Electricity, Water and Drainage. Heating is by Electric Storage Panel Heaters.
*Allocated Parking Space

Tenure
Leasehold

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 3%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.