- VIDEO VIEWING TOUR AVAILABLE ON REQUEST
- Block of 6 apartments
- Open plan living area
- 2 bedrooms
- Allocated parking
- Currently tenanted with annual income of £35,640
IDEAL INVESTMENT OPPORTUNITY- BLOCK OF 6 LEASEHOLD APARTMENTS
Situated a short driving distance from the Birmingham New Road A4123 providing access to both Wolverhampton and Birmingham city centres together with major motorway networks to principal cities and towns, this unique investment opportunity exists on this popular modern development to purchase a block of 6 two bedroom apartments providing at present £35,640.00 per annum and in our opinion is an excellent opportunity to enhance an investors property portfolio.
The property briefly comprises entrance hall, open plan living room and dining area, fitted kitchen with built in appliances, two good size bedrooms, bathroom, allocated parking. EPC ratings =C
Anti Money Laundering & Proceeds of Crime Acts: To ensure compliance with the Anti Money Laundering Act and Proceeds of Crime Act: All intending purchasers must produce identification documents prior to the memorandum of sale being issued. If these are not produced in person we will require certified copies from professionals such as doctor, teacher, solicitor, bank manager, accountant or public notary, To avoid delays in the buying process please provide the required documents as soon as possible. We may also use an online service provider to also confirm your identity. A list of acceptable ID documents is available upon request. We will also require confirmation of where the funding is coming from such as a bank statement with funding for deposit or purchase price and if mortgage finance is required a mortgage agreement in principle from your chosen lender.
All 6 properties are currently tenanted achieving £495 pcm
137 year remaining on each lease
Service charge per apt £1000 per year
Ground rent per apt £60 per year
*PLEASE NOTE THAT THE FREEHOLD IS OWNED BY A SEPARATE COMPANY AND IS NOT INCLUDED IN THIS SALE*