INVESTMENT PROPERTY - POMMEL CLOSE, SILVERDALE PARK, WALSALL WS5 4QE.
*** EXTENDED LEASE 138 YEARS REMAIN ***
A rare opportunity to an acquire a LEASEHOLD maisonette 'Investment Property' ideally suited to investors looking to expand their portfolio. The property is currently tenanted and producing a steady annual rental income of £5,940 (6% Yield), offering a turnkey investment opportunity with income from day one.
Set on the popular Silverdale Park, Walsall, which is approximately 3km south of the Walsall Town Centre occupying a popular location off Segundo Road which remains in reach of all local amenities including schools, shops and transport links and just a short bus/train ride away from Birmingham City centre and within a short drive of Junction 9 of the M6.
This spacious and well presented ground floor maisonette offers comfortable living accommodation and has the benefit of electric storage heating, full UPVC double glazing and briefly comprising: entrance hallway, spacious light lounge, kitchen, 2 bedrooms, bathroom and pleasant easily maintainable garden to the rear. There is street parking available in Pommel Close and a garage in a separate block to the rear of the development. The property is offered as an Investment, fully managed by Wadsworth & Co achieving £495 per calendar month rent.
WS5 continues to experience strong rental demand, high yields, and year-on-year growth, making this an ideal addition to any property portfolio. To fully appreciate the purchase opportunity here, please contact Wadsworth's Lichfield office for an appointment to view on 01543 212456. Early viewings are highly recommended at this price.
ACCESSVIA A front door opening into inner entry.
SITTINGROOM15' 5" x 10' 9" (4.7m x 3.28m) From inner entry with electric storage heater, television point, telephone points and doors to:
KITCHEN9' 3" x 8' 1" (2.82m x 2.46m) Having a double glazed window to the front elevation, fitted kitchen with wall and base units with work tops over, stainless steel sink and drainer, electric cooker point, plumbing for washing machine, space for fridge/freezer and access to rear garden via a PVC door.
BATHROOM9' 1" x 6' 9" (2.77m x 2.06m) Having a double glazed window to the rear, electric heater, bath with mixer taps and shower over, wash hand basin, low level w.c and part tiling.
BEDROOM1-FRONT12' 2" x 8' 2" (3.71m x 2.49m) A double glazed window to the front and electric storage heater.
BEDROOM2-REAR12' 7" x 8' 8" (3.84m x 2.64m) A double glazed window to the rear and electric storage heater.
OUTSIDE Easily maintainable rear garden with usual shrubs and trees, street parking available in Pommel Close and there is a garage in a separate block.
SERVICES Service electricity, water and mains drainage are available at the residence (No tests have been applied in respect of any services or appliances).
TENANCYDETAILS The property is LET under an Assured Shorthand Periodic Tenancy from the 15th December 2019 and producing an annual rental income of £5,940 which equates to £495 per calendar month.
TENURE The property is Leasehold, which was triggered on the 29th September 1974 and has been extended to 144 years from the 1st March 2019 at a ground rent of £58 per annum. All interested parties should make their own inquires with their Solicitor/Legal Adviser regarding the lease terms.
COUNCILTAX Band A
EPCRATING D.
SERVICECHARGE All interested parties should make their own inquires with their Solicitor/Legal Adviser regarding the service charge amount and conditions.
FIXTURES&FITTINGS Items classified as fixtures and fittings are not included unless specifically stated herein.
MONEYLAUNDERINGREGULATIONS Prospective purchasers will be asked to produce identification documentation, such as Passport or Driving License in relation to money laundering regulations. We ask for your full cooperation, so the sale of the property can be agreed.
MORTGAGES Wadsworth & Co in association with ABC Finance Ltd are pleased to offer Mortgages for everyone 'subject to status'. Buying a house in connection with ABC Finance Ltd they will find you a property and a mortgage. Please call 01922 627121 for further details.
CONVEYANCING At Wadsworth's, we have a panel of tried and tested conveyancers who are able to offer efficient and highly professional conveyancing services. They will help you through the buying and selling of property, including the checking of title to the property, assessing rights of access and rights of way, dealing with the instructions from and arranging funds from a mortgage lender.
For more information, please call us now on 01543 212456 or why not try our Conveyancing Quote Tool on the left-hand side of our homepage www.wadsworthandco.com.
OFFERPROCEDURE Before contacting a Building Society, Bank or Solicitor you should make your offer to the office dealing with the sale, as any delay may result in the sale being agreed to another purchaser. Under the Estate Agency Act 1991, you will be required to provide us with financial information in order to verify your position, before we can recommend your offer to the vendor. We will also require proof of identification in order to adhere to Money Laundering Regulations.
AGENTNOTES Whilst every care has been taken to prepare these sales particulars, they are for guidance purposes only. All measurements are approximate are for general guidance purposes only and whilst every care has been taken to ensure their accuracy, they should not be relied upon and potential buyers are advised to recheck the measurements.
VIEWINGS Strictly by Wadsworth & Co. Please be aware that anyone viewing the property does so at their own risk and that neither the agent nor the vendor will be held liable for any damages arising from the viewing.
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