Boulton Grange, Boulton Grange, Telford, Shropshire, TF3 2LA
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
For sale by unconditional online auction.
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
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%
The Portfolio consists of:-
* Freehold of six flats but includes two residential flats - 1 bed ground floor flat (£475pcm) and top floor 2 bed flat (£525pcm).
* Leasehold 2 bed flat (£470pcm)
Freehold
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.
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.
Leasehold
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.
Tenure
Freehold & Leasehold
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5% .+ 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).
Pre Auction Offers Are Considered
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.
Special Conditions
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.
Brochures
Legal DocumentsOnline Bidding- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Boulton Grange, Boulton Grange, Telford, Shropshire, TF3 2LA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Telford Central Station1.3 miles
- Oakengates Station2.1 miles
- Shifnal Station2.7 miles
About the agent
Town & Country Property Auctions, Crewe
14 Mallard Court Mallard Way, Crewe, CW1 6ZQ
Our Expertise
Operating Nationwide our team of property auction experts have
years of experience. Our professional and enthusiastic approach
utilises contemporary software combined with longstanding
contacts makes us leaders within the industry.
Our History
Town & Country can trace their history back to the early building societies of the nineteenth century, and more latterly the Town & Country Building Society which was formed in 1974.
Town & Country
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 245988. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Town & Country Property Auctions, Crewe. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Town & Country Property Auctions, Crewe on 03301 654109.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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