End terraced HMO in Walsall

84 Charlotte Street, Walsall, WS1 2BA

Guide price*

£190,000+

Plus fees

Sold prior to auction, for an undisclosed amount

Lot No: 118
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Residential Investment

A Freehold End Terraced HMO Investment Property Current Gross Income £20,556 PA Potential Gross Income Circa £24,000 PA

Property Description

An end terraced property which has been converted into a full licenced seven bedroom HMO, standing back from the road behind a foregarden.

Accommodation

Ground Floor: Vestibule, Hall, Two Bedsitting Rooms, Communal Dining Kitchen, Rear Lobby, Communal Shower Room/WC.
First Floor: Landing, Three Bedsitting Rooms, Communal Bathroom/WC.
Second Floor: Landing, Two Bedsitting Rooms.
The property benefits from having gas fired central heating and partial double glazing but also benefits from having emergency lighting, fire doors, mains smoke and fire alarms however is in need of some modernisation.

Energy Performance Rating

E

Tenure

Freehold – Subject to the existing tenancies.

Lease Details

Room 1: Let at £275pcm
Room 2: Let at £375pcm
Room 3: Let at £282pcm,
Room 4: Let at £303pcm
Room 5: Let at £303pcm
Room 6: Vacant
Room 7: Let at £225pcm
Total £1,713pcm - £20,556 PA
All rooms are let on assured shorthold tenancies.

Auctioneers Note

At the time of going to print, the Auctioneers were unable to inspect the tenanted rooms and therefore the accommodation details should not be relied upon.

Auctioneer's Note (Numbered)

Please note offers may be considered prior to the Auction Sale.

Remote Bidding Auction

This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.

Viewings

External viewings only.
DISCLAIMER

Bond Wolfe Auctions 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 all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe Auctions are aware of will be published on the addendum, which is available within the lot information.

REMOTE BIDDING AUCTION

Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only.  You must pre-register to bid for each auction no later than 24 hours 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 £1,440 inc VAT (£1,200.00 + 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 is available to download free of charge under the ‘lot information’.  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.

Auction details:

Wednesday 31st March 2021 08:30AM

Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only. You must pre-register to bid no later than 12 Noon on Tuesday 30th March.

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Finance available on this property

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