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" Guide Price £110,000

For Sale By Public Auction 17th April 2024 08 45 AM To inspect the legal documents for this property go to our website to download the legal pack

A Three Bedroom Semi Detached House Subject to an Assured Shorthold Tenancy Producing £11,400 Per Annum

Tenure
Leasehold. The property is held on a 99 year lease from 29th September 1956 thus approximately 32 years unexpired .

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Willenhall Memorial Park are within easy reach. Transport links are provided by Bloxwich rail station.

Description
The property comprises a three bedroom semi detached house arranged over ground and first floors.

Accommodation
Ground Floor
Reception Room
Kitchen

First Floor
Three Bedrooms
Bathroom
WC

Exterior
The property benefits from a rear garden and off street parking.

Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £950 per calendar month

Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90 years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
D

Open House Viewings To Be Confirmed

Addendum
For the avoidance of doubt, the property is tenanted, not vacant as previously stated in the catalogue. "