Investment for Sale

FREEHOLD RESIDENTIAL INVESTMENT PROPERTY

LOCATION:  The property is situated on the northern side of The Crescent, close to itsjunction with Sutton Road, in a well regarded residential area approximately three quarters of a mile south east of Walsall town centre.

DESCRIPTION: The property comprises an extended, predominantly two storey, period,former semi-detached house that has been converted into four self-contained flats.  Set behind a relatively wide road frontage, the property has a vehicular driveway to the right hand side leading toward the rear, where there is a small garden area together with a battery of three garages toward the rear right hand corner of the site.

ACCOMMODATION: Communal entrance hall with communal stairs and landing providing access to:-

Flat A - Ground Floor - Entrance hall, living room, kitchen, bedroom, bathroom/w.c. and basement cellar.

Flat B - First Floor - Entrance hall, living room, kitchen, bedroom and bathroom/w.c.

Flat C - First Floor - Entrance hall, w.c, living room and kitchen with stairs leading to 

Second Floor - bedroom and bathroom/w.c.

Flat D - Ground Floor - Entrance hall, toilet, living room, kitchen, bedroom and bathroom/w.c.

 SERVICES: Usual mains services are understood to be connected to the property.  The flats have their own gas fired central heating systems with hot water radiators.  No tests have been applied to any of the services or appliances.

RATING DATA: (information obtained from the Valuation Office Agency Web Site):

Flat A - Council Tax Band A.

Flat B - Council Tax Band A.

Flat C - Council Tax Band A.

Flat D - Council Tax Band A.

ENERGY PERFORMANCE CERTIFICATE: 

Flat A - Rating 56 - Band D

Flat B - Rating 66 - Band D

Flat C - Rating 55 - Band D

Flat D - Rating 58 - Band D

TENANCIES: The flats are all let subject to Assured Periodic Tenancies as follows:-

Flat A - £500 per calendar month (pcm)/£6,000 per annum

Flat B - £500 pcm/£6,000 per annum

Flat C - £525 pcm/£6,300 per annum

Flat D - £575 pcm/£6,900 per annum

Total Rental Income £25,200 per annum at present, although there is believed to be potential to increase the rents for the flats.

TENURE:  Believed Freehold.

VIEWINGS:    Contact Fraser Wood Commercial on 01922 629000.

Please note that all parties viewing the property do so at their own risk and neither the vendor nor the agent accept any responsibility or liability as a result of any such viewings.