2 bedroom Apartment in Wednesbury

57A Union Street, Wednesbury WS10 7HB
  • Lot No: 36
  • Property Type: Apartment
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £36,500+ plus fees

Result Sold at Auction £38,500

Property Description

This two bedroomed apartment is currently returning an income of £450 per calendar month or £5,400 per annum which equates to a yield of over 13 percent based off the guide figure. Being centrally located in Wednesbury’s main shopping centre, it provides convenient access to shops, restaurants and the leisure centre along with the road and tram links making it the ideal rental property and investment. The auctioneers have not inspected the property but believe it to comprise

Entrance Hallway

Leading into -


Lounge

14.10ft x 12.11ft Max (4.52m x 3.94m Max)


Kitchen

12.6ft x 9ft Max (3.81m x 2.74m Max)


Bedroom One

13.7ft Max x 13ft (4.14m Max x 3.96m)


Bedroom Two

10.7ft into Recess x 9.8ft (3.23m Into Recess x 2.95m)


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 24th June 2021

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

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Map

57A Union Street, Wednesbury WS10 7HB