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For Sale By Auction | 12 noon, 09 December 2015 | Lot 72

16A Leys Road, Brierley Hill, West Midlands, DY5 3UP

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*Guide | £27,000+ (plus fees)

  • Studio
  • 2 Bedrooms
  • Tenure: Long Leasehold. The property will be held on a new 950 year lease.

Call the team on 020 7625 9007 for more information

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Auction Date

Wed 09/12/2015

Auction Time

12 noon

Auction Venue

The Ballroom, Landmark Hotel, 222 Marylebone Road, Marylebone, London, NW1 6JQ

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A Single Storey Studio Building Subject to an Assured Shorthold Tenancy Producing £3,900 per annum.

The property comprises a single storey building internally arranged to provide a residential studio flat. Formerly a caretaker's accommodation.

Tenure

Long Leasehold. The property will be held on a new 950 year lease.

Location

The property is situated in Brierley Hill which is a small town approximately 5 miles west of Birmingham city centre. Transport links are provided by Lye rail station and the M5 motorway is easily accessible.

Accommodation

Ground Floor Reception Room Kitchen Bathroom

Exterior

The property benefits from a private courtyard and off street parking.

Tenancy

The property is subject to an Assured Shorthold Tenancy agreement from 1st November 2015 for a term of 6 months at a rent of £325 per calendar month.

Current Rent Reserved £3,900 per annum

Viewing Details

Saturday 5th December 10:00-11:00

Leasehold

False

Freehold

False

Part Vacant

False

Vacant

False

Services

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

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

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

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.

Additional Fees Information

Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.