Auction House / Birmingham
  • For Sale By Unconditional Online Auction
  • Guide Price* : £43,000
  • Auction Ended 12/07/2022
  • Lot 17

Flat 5 Bridge Lofts, Walsall, West Midlands, WS1 1PT

FOR SALE VIA NATIONAL ONLINE AUCTION. BIDDING OPENS ON MONDAY 11TH JULY AT 1PM AND CLOSES TUESDAY 12TH JULY FROM 1PM. REGISTER TO BID!

Description

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.

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

Tenure: Leasehold

Lease Details: 125 years commencing on 1st April 2005 – approximately 108 years unexpired on Lease Term

EPC Rating: E

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.

Administration Charge

Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.

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* Guide | £43,000
  • Unconditional (Immediate Exchange)

Call the team on 0121 289 3838 for more information

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Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.