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Weston Road, Stafford, Staffordshire, ST16 3WE

Guide Price
£725,000

Business rates & charges may apply

Pattinsons, Pattinsons Auction- National Auctioneer
SIZE

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SECTOR

Residential development for sale

Key features

  • Immediate ‘exchange of contracts’ available
  • Being sold via ‘Secure Sale’
  • Investment Opportunity
  • Block of Six, Two Bed Apartments
  • One parking space per flat

Description

For sale via auction - fees, terms and conditions apply.

A rare opportunity to acquire a purpose-built block comprising six self-contained, two-bedroom apartments, offered for sale by auction as a fully occupied residential investment.

Arranged over three floors, the development contains two apartments on each level, with each property providing a kitchen, bathroom, living accommodation and two bedrooms. The apartments benefit from practical, well-proportioned layouts, while the building occupies a prominent and accessible position with established communal surroundings.

All six apartments are currently let, producing a combined rental income of:
£4,825 per calendar month
£57,900 per annum

The property the offers immediate income from completion, together with the potential for longer-term rental growth and capital appreciation. This is an attractive proposition for portfolio landlords, professional investors and purchasers seeking to acquire an entire residential block under one title.

The property is to be sold subject to the existing tenancies, with full tenancy information, leasehold or freehold details, compliance documentation and auction conditions available within the legal pack.

A substantial income-producing investment comprising six occupied apartments, generating £57,900 per annum and offered for sale by auction.


Please note we have not inspected this property.

Location

The building occupies a prominent and accessible position with established communal surroundings.

Accommodation

A rare opportunity to acquire a purpose-built block comprising six self-contained, two-bedroom apartments, offered for sale by auction as a fully occupied residential investment.

Arranged over three floors, the development contains two apartments on each level, with each property providing a kitchen, bathroom, living accommodation and two bedrooms. The apartments benefit from practical, well-proportioned layouts, while the building occupies a prominent and accessible position with established communal surroundings.

Tenure

Leasehold, title numbers as follows:

Flat 1 - SF539659
Flat 2 - SF539670
Flat 3 - SF539667
Flat 4 - SF539594
Flat 5 - SF539596
Flat 6 - SF539476

EPC

Flat 1 - C
Flat 2 - C
Flat 3 - B
Flat 4 - B
Flat 5 - C
Flat 6 - C

Council Tax

All flats band B.

Additional Information

For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

Brochures

Weston Road, Stafford, Staffordshire, ST16 3WE

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stafford Station1.1 miles

About Pattinsons, Pattinsons Auction- National Auctioneer

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Notes

These notes are private, only you can see them.

Disclaimer - Property reference 513207. 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 Pattinsons, Pattinsons Auction- National Auctioneer. 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 Pattinsons, Pattinsons Auction- National Auctioneer on 0191 625 0964.

*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.”