5 bedroom apartment for sale

Cannock Road, Hednesford, Cannock, Staffordshire, WS12 4AE

Guide Price* £240,000

Property Description

Full description

Tenure: Freehold

Guide Price = £220,000 - £240,000

Unsold, but is available at £210,000

Property for auction on 12th July at 11:00 Property Description:
A substantial investment opportunity comprising 5 self contained flats contained within a 3 storey brick built development which in addition includes 2 retail shops and a further flat that are subject to Long Leasehold interests.
All five flats were fully refurbished in 2011 along with a new roof covering. The current owner had plans drawn up for a second storey extension above flat one to the rear of the property providing an additional flat however these have not been submitted and all interested parties must satisfy themselves in full regards any proposals they may have with Cannock Chase District Council. The property is located close to the junction with Green Heath Road and within walking distance of Hednesford town centre and Hednesford train station providing a direct link to Birmingham City Centre. All five flats are currently let on Assured Shorthold Tenancy Agreements and produce a rental income of £23,760 per annum, We are informed by the owner flats 3 and 6 have been in occupation for in excess of 3 years and have not had a rent review during there occupancy.
Please see below for a schedule of tenancies.

Schedule of Tenancies
Hairdressers and Nursary Subject to a Long Leasehold Interest for a term of 999 years from the 29th of September 2007 paying a peppercorn ground rent.

Flat 1: Rental - £430 pcm (£5,160 per annum)
Flat 2: Rental - £425pcm (£5,100 per annum)
Flat 3: Rental - £350 pcm (£4,200 per annum)











Flat 4: Subject to a Long Leasehold Interest for a term of 125 years from 29th September 2007. Ground Rent: £100 per annum
Flat 5 Rental - £400 pcm (£4,800per annum)
Flat 6 Rental - £375 pcm (£4,500 per annum)

Total Rental Income: £23,760 per annum

Accommodation:
Ground Floor
Retail Units
Hairdressers : Not applicable
Nursery : Not applicable
Entrance Hallway to Flats
Having Bathroom and 2 further rooms, Stairs
First Floor
Flat 1 - Lounge/Kitchen, Bedroom and Bathroom having panel bath with shower over, wash basin and WC
Flat 2 - Lounge/Kitchen, Bedroom and Shower Room having shower cubicle, wash basin and WC
Flat 3 - Lounge/Kitchen, Bedroom and Bathroom having panel bath with shower over, wash basin and WC
Flat 4 - Not Applicable


Second Floor
Flat 5 - Lounge/Kitchen, Bedroom and Shower Room having shower cubicle, wash basin and WC
Flat 6 - Lounge/Kitchen, Bedroom and Shower Room having shower cubicle, wash basin and WCOutside:

RearParking area and yard with vehicular access to the side,

Legal Documents: Available at www.cottons.co.uk
Viewings: Via Cottons 0121 247 2233


Listing History

Added on Rightmove:
27 June 2018

Nearest stations

  • Hednesford (0.1 mi)
  • Cannock (1.8 mi)
  • Landywood (3.7 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Cottons, Auctions

Cavendish House, 359-361 Hagley Road, Edgbaston, Birmingham, B17 8DL

0121 396 0665 Local call rate

How much will it cost me to call the number displayed on the site?

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Map & Street View

Nearest stations

  • Hednesford (0.1 mi)
  • Cannock (1.8 mi)
  • Landywood (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Cottons, Auctions

Cavendish House, 359-361 Hagley Road, Edgbaston, Birmingham, B17 8DL

0121 396 0665 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 73369. 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 Cottons, Auctions. 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.

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*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.”

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 Cottons, Auctions on 0121 247 2233.


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