22 Lysways Street, Walsall, West Midlands, WS1 3AQ

  • Conditional Online Auction Sale
  • Guide Price* : £185,000

FOR SALE BY CONDITIONAL ONLINE AUCTION
On Behalf of Henley Charles


  • Detached Investment Property
  • Current Gross Rent £1525pcm
  • 2x One Bedroom Flats
  • 2x Studio Flats
  • Potential to Extend to Rear Subject to Planning
  • Parking with Gated Access

Property Description

FOR SALE BY CONDITIONAL ONLINE AUCTION
On Behalf of Henley Charles

Four Self Contained Flats

INVESTMENT OPPORTUNITY DETACHED PROPERTY CONTAINING x4 SELF CONTAINED FLATS CURRENTLY ACHIEVING GROSS £1525 PCM

Potential development to rear with a further extension to main building. Located in Walsall just 5 mins walk to town centre & 10 mins drive to M6-Junction 7.

The premises is a detached building which has been converted into four flats. Each flat has its own electric meter and council tax registration.
To the rear is a car park & garden which has potential for development into further accommodation subject to planning.

Detached property currently achieving an estimated gross rent of £1525pcm
The below is a gauge of rent currently being received for the various flats:-

Flat 1 - £345pcm
Flat 2 - £390pcm
Flat 3 - £400pcm
Flat 4 - £390pcm

Great central location with parking to rear & potential development to rear
This sale will include existing tenancies


Tenure
See Legal Pack

Conditions of Sale

The Conditions of Sale will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.


*Start Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.


Viewing Details

By arrangement with the auctioneer 0345 319 2162 or can be booked online www.sdlauctions.co.uk/online-auctions


Energy Performance Certificates

EPCs can be viewed in full on our website www.sdlauctions.co.uk on the sales details page or in the legal pack.


Conditional Online Auction Procedure

Every online bidder on SDL Auctions must first create an account at www.sdlauctions.co.uk/online-auctions. This is a very quick and simple process. In order to bid, you will need to be authorised for money laundering purposes, this will be carried out at the registration stage. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.

Once you have registered, you will be able to search, download legal documents, arrange site viewings and contact the Auctioneers and the solicitors if you have queries on the property.

If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and have 56 days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 56 day reservation period, the seller is not able to accept other offers.

The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT or 3.5% Inc VAT in London, subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.

We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract.

By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.

Full terms and conditions are available at www.sdlauctions.co.uk/online-auctions


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Sold for £200,000

This auction lot is now closed.

Auction Ended

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