2 Bed Flat For Sale Boulton Grange, Telford, TF3

Guide Price £150,000 * Plus £3000 + VAT Buyers Premium \r
For sale by unconditional online auction.\r
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To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk \r
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INVESTMENT OPPORTUNITY - a superb opportunity to purchase 3 x flats and the freehold. All 3 flats are currently tenanted with a collective rental income of £1470 giving a fantastic ROI with a yield of approx. 10%\r
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The Portfolio consists of:-\r
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* Freehold of six flats but includes two residential flats - 1 bed ground floor flat (£475pcm) and top floor 2 bed flat (£525pcm). \r
* Leasehold 2 bed flat (£470pcm)\r
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Freehold\r
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The Freehold covers the freehold for flats 1 -6 Boulton Grange with its own annual income and this is currently being managed by a local Management Company on behalf of the vendor. \r
The vendor purchased the freehold in 2017 which included two residential flats (no.1 and no.5). No.1 is a 1 bed flat and is currently rented to a charity and has been for the last 6 years. The current rental for this flat is £475.00 . No. 5 is the top floor 2 bed flat (with balcony) and is currently being rented with a 12 month contract (November 2024). The current rent is £525pcm. \r
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Leasehold \r
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The leasehold flat (no.3) is currently let at £470.00 pcm on a rolling Contract. The lease is a 125 year lease from 4th August 1988 (90 years left) but effectively the freehold is being sold with this leasehold title should any amendment to the term be a preference. \r
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Tenure\r
Freehold & Leasehold \r
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UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a £3,000 + VAT buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).\r
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Pre Auction Offers Are Considered\r
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.\r
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Special Conditions\r
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.