Residential Investment

This semi detached property is converted into 4 self contained apartments, all with their own individual access, meters, gas central heating and all are double glazed throughout. Bringing in a combined income of almost £28,000, this represents a fantastic investment opportunity with a yield of approximately 15% based upon guide. The Auctioneer has inspected 97, 97a and 99 and the photographs shown represent these three apartments, it is understood that 99a was refurbished approximately 2 years ago. The property is conveniently located for all amenities and has good public transport links. The accommodation comprises:-

Tenure

Freehold

97 - Ground Floor Apartment - Let on a Periodic Tenancy at £380.00 (£4,560 per annum) from 4/2/22

Kitchen 2.3m x 2.8m, Bathroom with matching suite, Lounge 3.9m x 3.7m, Bedroom 3.9m x 3.5m

97a - First Floor Apartment - Let on a Periodic Tenancy at a current rent of £390.00 - we understand there is a rent increase in April to £525.00 (£6,300 per annum)

Approached over a communal staircase, Front Door to Lobby with access to Living Room 3.7m x 3.7m, Kitchen 2.7m x 2.4m, Bathroom with white suite. Bedroom 3.7m x 2.5m

99 - Ground Floor Apartment - Assured Shorthold Tenancy due to commence on 7/2/2025 at a rent of £725 (£8,700 per annum)

Front Door leads to Kitchen 2.3m x 2.8m, Bathroom 2.4m x 1.7m, Lounge 3.7m x 4.1m, Bedroom One 3m x 3.6m, Bedroom Two 1.9m x 3.6m

99a - First Floor Apartment (not inspected by The Auctioneer) Let on a Assured Shorthold Tenancy from 13/9/24 at £825 PCM (£9,900 per annum)

It is assumed to comprise Kitchen, Bathroom, Lounge, Two Bedrooms.

Outside

Side gated access leads to yard with garden beyond.

Reports

Prospective Purchasers are advised to check the Mining Report which can be found in the legal pack.

Energy Efficiency Rating (EPC)

Current Rating D and E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Walsall Metropolitan Borough Council

Additional Fees

Buyer's Premium - 1% plus vat

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.