FOR SALE BY AUCTION: Wednesday 14 Dec 2016




40 King Street, Bilston, Staffordshire, WV14 8PQ

Withdrawn prior to auction


DESCRIPTION

Freehold. Originally a seven bedroom detached property, converted into 2 x 2 bedroom self contained flats. The property has had fire damage, historical subsidence and requires full refurbishment.

GUIDE NOTE:

(Previously Marketed at £99,995)

LOCATION

The property is conveniently situated for Wolverhampton city centre which offers an extensive range of amenities, shopping and leisure facilities. Schools for all grades are located nearby.

ACCOMMODATION

Ground Floor Flat:
Entrance to side of property, entrance hall, living room, kitchen, two bedrooms, bathroom.

First Floor Flat:
Entrance to front of property, landing, two bedrooms, living room, kitchen, bathroom.

Outside:
Front & rear yards.

The property also has the benefit of a large cellar.

TENURE

Freehold with vacant possession.

RENT ACHIEVABLE

£475.00 per calendar monh exclusive (per flat) (£11,400.00 per annum) - after works.

NOTE

The Auctioneers have not inspected the property internally.
The completion date will be on or before eight weeks following exchange of contracts.

ENERGY PERFORMANCE CERTIFICATE

EPC rating to be confirmed.

JOINT AGENT

Peter Richardsons Estates

TEL:
EMAIL:

SOLICITORS

Equitas Law
17 Wellington Steet, Leicester, LE1 6HU
TEL: 0116 2755054
EMAIL: zaida@equitaslaw.com

*GUIDE PRICE & RESERVES

Definition of Guide Prices:
The guide price is an indication of the seller’s current minimum price expectation at auction and the guide price, or range of guide prices, is given to assist prospective purchasers. The guide price can be adjusted by the seller at any time up to the day of the auction in light of the interest shown during the marketing period and bidders will be notified of this change on our website and by the auctioneer prior to the lot being offered.

Definition of Reserve Price:
The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. It is usual, but not always the case that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing and the Final Reserve Price will be agreed between the auctioneer and the seller prior to the auction sale. Whilst the reserve price is confidential it will usually be set within the quoted guide range and in any event will not exceed the highest quoted guide price.