Lot 4 - 14 John Fletcher Close, Wednesbury, West Midlands, WS10 9UD

  • Unconditional Online Auction Sale
  • Guide Price* : £100,000 plus
  • Residential Investment
  • 3 bedroom end terrace town house
  • Let at an annual equivalent gross rent of of £7,200

ON BEHALF OF THE COURT APPOINTED RECEIVER: Residential investment comprising a 3 bedroom end terrace town house let at £650 per month (£7,800 gross annual equivalent)

Description

The property comprises a 3 bedroom end terrace town house. It will be sold with a tenant in situ who occupies under the terms of an AST granted for 12 months from 21st September 2021 at a rent of £650 per month. A new boiler was installed earlier this year.

Location

The property lies in a predominantly residential area of Wednesbury, approximately 0.75 mile northeast of the town centre. Road links are excellent, with access to John Fletcher Close from the A461 Wood Green Road, which in turn leads to Junction 9 of the M6 motorway within 0.5 mile.

Local retail amenities and bus routes are available nearby om the A461 and Gallagher Shopping Park is located next to the motorway junction, with additional retail and leisure facilities in the town centre.

Tenure

Freehold.

Accommodation

The property has the following approximate gross floor areas, providing a total of 72.58.23 sq. m (782 sq. ft):

Ground Floor: Hall, Lounge and Kitchen
First Floor: Landing, Three Bedrooms (one En-suite Shower Room) and Bathroom

Outside

At the front of the property is off road parking and driveway and at the rear is an enclosed garden, that is currently paved together with a small timber shed.

Tenancies

AST granted for 12 months from 21st September 2021 at a rent of £650 per month.

EPC

Energy Asset Rating is C.

Council Tax Band

C

Buyers Administration Fee

There will be a Buyer's Administration Fee of £2700 (inc VAT) payable upon exchange of contracts.

Additional Information

1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.

2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.

3. The property is being sold under Proceeds of Crime legislation. Please see Legal Pack for further details.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Office Contact

James Ashworth
0161 967 0122

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