Residential Investment

Situated in the heart of Caldmore these two terraced properties and ancillary workshop offer a tremendous investment opportunity with an income of £26,680.00 per annum. Comprising four flats plus the workshop, all of which are currently let, the properties are conveniently located close to all amenities and public transport services and are sent back behind a small foregarden and comprise of the following which are double glazed and gas centrally heated (not tested):-

Tenure

Freehold

112 Caldmore Road

A ground floor flat consisting of Hallway, Lounge 4.6m x 3.8m, Bathroom with white suite, Kitchen 2.4m x 2.4m, Bedroom 2.7m x 2.2m. The property is currently let on a 12 month Tenancy from 28/4/24 at £520.00 PCM (£,6240.00 per anum)

112a Caldmore Road

A first floor apartment accessed via the central entry and rear yard. Staircase leads to Landing with access to Kitchen 3.7m x 3m, Bedroom 4m x 2.2m, Living Room/Bedroom 4m x 3.5m, Bathroom. Currently let on an Assured Shorthold Tenancy for 1 year from 29/9/23 at £110.00 per week (£5,720.00 per annum)

114 Caldmore Road

Ground floor apartment comprising Hall, Lounge 4.9m x 4..2m, Bathroom with matching suite, Kitchen 3.2m x 2.4m, Bedroom 3m x 2.3m. Currently let on a 1 year Assured Shorthold Tenancy from 1/4/24 at £450,.00 per calendar month (£5,400.00 per annum)

114a Caldmore Road

Approached over a rear staircase from rear yard. Hallway provides access to Kitchen/Diner 5.6m x 2.9m, Bathroom with matching suite, Bedroom One 4m x 2.6m max, Bedroom Two 2.8m x 2m. Currently let on a 1 year Tenancy from 15/12/23 at £110.00 per calendar month (£5,720.00 per annum)

Workshop/Storage

Accessed via a shared driveway from Mount Street, being L-Shaped and approximately 320 sq ft with double size roller shutter door access and pedestrian door to Mount Street and to rear yard. Currently let on a 1 year agreement from 18/10/24 at £3,600.00 per annum.

Viewing

By appointment through Auctioneers on 0121 289 3838

Energy Efficiency Rating (EPC)

Current Rating D, E, D, C

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.