2 bed block of flats for sale

Lansdowne Road, Wolverhampton City Centre, Wolverhampton WV1

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*two flats!*

*freehold investment*

If you're looking for a wonderful, freehold investment opportunity to purchase two flats in a sought after residential area of Wolverhampton, overlooking the ever-popular West Park, look no further than Lansdowne Road!

The properties are managed currently by Belvoir and are able to be purchased with vacant possession. The freehold asset sits in a large plot offering plentiful parking and space for extension/development whilst internally, to the ground floor, can be found a hallway, bedroom, living room/diner, family bathroom, kitchen and under stairs pantry storage. To the first floor, the property is met via stairs and has an open plan living room/kitchen, hallway, family bathroom and a bedroom.

The Location & Area

The property lies in a highly regarded and sought after residential area which is in easy reach of all local facilities and amenities and just a short walk from the city centre and the university. There is wide range of schooling being available in all sectors and including Wolverhampton Girls High School and Wolverhampton Grammar. The property stands in a lovely position on the road and overlooks the 43 acres of the open spaces of West Park to the front and therefore has the use of the grounds of West Park, the children’s playground, tennis courts, gym area, ornamental lake and tearoom.

Auctioneer comments

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Fees & Charges Explained

Lansdowne Road, Wolverhampton, WV1 4AL

This property is sold subject to payment of a non-refundable reservation fee of 4.50% to a minimum of £6,600.00 including VAT.

Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Modern Method of Auction, which requires the Completion of the purchase within 56 days, although all reasonable endeavours must be made to Exchange Contracts within immediately following the Draft Contracts being received by the Buyer's Solicitor

A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement in the 56 day period following the auction or the date of acceptance of the offer.

Buyer Information Pack

If the Buyer Information Pack has been produced and provided by iamsold any successful purchaser will be required to pay £349.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

• You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
• Stamp Duty Land Tax (sdlt) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.