59-62 Bath Road, Wolverhampton, WV1 4EL
Four self contained maisonettes in Wolverhampton
Guide price*
£260,000+
Plus fees
Unsold
Lot information
Residential Investment
Auction details:
Thursday 14th December 2023 @ 09:00AM
A Residential Investment Comprising Of Four Self Contained Maisonettes Current Rental Income £20,700 PA
Property Description
A purpose built two storey detached property comprising of four self contained marionette's. Conveniently located a short walk from all retail and leisure amenities available within Wolverhampton City Centre.Accommodation
59: Entrance Hall, Lounge, Bedroom, Kitchen and Bathroom.60: Ground Floor, Entrance Hall, Lounge, Bedroom, Bathroom and Kitchen.
61: Ground Floor, Entrance Hall, Lounge, Bedroom, Bathroom and Kitchen.
62: First Floor, Entrance Hall, Lounge, Bedroom, Kitchen and Bathroom.
Please note we have not been able to undertake an internal inspection and the accommodation has been provided by the vendor.
Energy Performance Rating
59: D60: C
61: E
62: D
Council Tax Band
All band A.Tenure
Leasehold – Subject to the following tenancies.Lease Details
Full lease details will be available within the legal pack.Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.Viewings
External viewings only.Tenancy
| Term | Rental |
|---|---|
| 59 | Let by way of an assures shorthold tenancy with effect from 27/06/2014 and a Supplemental Agreement extending for a further period, expiring 26/09/2024 at a rent of £440pcm (£5280 per annum). |
| 60 | Let by way of an assured shorthold tenancy with effect from 30/03/2010 and a Supplemental Agreement extending for a further period and expiring on 25/09/2024 at a rent of £405pcm (£4,860 per annum). |
| 61 | Let by way of an assured shorthold tenancy with effect from 24/05/2019 and a Supplemental Agreement extending the period to 23/11/2023 at a rental of £435pcm (£5,220 per annum). |
| 62 | Let by way of an assured shorthold tenancy with effect from 30/09/2022 and a Supplemental Agreement extending to 30/01/2024 at a rental of £445pcm (£5,340 per annum |
DISCLAIMER
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. 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.
