Guide Price £95,000 * Plus 5% Buyers Premium + VAT For sale by unconditional online auction.
To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk
Presenting an exciting opportunity for investors, 10 Mill Bank Court is one of four identical two-bedroom apartments within the same modern block, all owned by the same seller and being offered at the same auction. Located in the heart of Kidderminster, these well-maintained properties provide an excellent chance to acquire multiple units in one location, all with tenants in situensuring immediate rental income. Whether you're looking to expand your investment portfolio or seek long-term rental potential, this is a rare opportunity not to be missed.
Tenanted: The property is being sold with tenants in situ, providing an immediate income stream. Rental details available upon request.
8% annual income with potential to increase
Allocated Parking: A designated parking space for convenience, which is highly desirable in this area.
Two Bedrooms: Spacious and well-proportioned rooms, offering comfortable living for tenants or future owners.
Open-Plan Living Area: A bright and airy living space that flows into a modern kitchen, creating an inviting and functional area for everyday living.
Modern Kitchen: Fully fitted with contemporary units and integrated appliances, offering practicality and style.
Family Bathroom: Well-presented bathroom suite, including a bath with shower over and modern fixtures and finishes.
Secure Entry: The property benefits from secure, gated access, ensuring privacy and peace of mind.
Prime Location: Ideally situated just a short walk from Kidderminster town centre, with easy access to local shops, schools, and transport links, including the train station with direct routes to Birmingham and London.
Additional Information: Tenure: Leasehold (109 years remaining) Council Tax Band: A EPC Rating: B Rental Income: The apartment is currently rented out at £8340pa (details available upon request).
Investment Opportunity: This property is part of a block of four identical apartments all being offered at the same auction with a guide price of £95,000 each. The properties are all tenanted, providing a steady and reliable rental income, and are an ideal investment for those looking to acquire multiple units in one go.
Location: Kidderminster offers a blend of convenience, local amenities, and excellent transport connections. The property is located just minutes from Kidderminster town centre, with easy access to shopping, dining, and leisure facilities. Additionally, the town's train station offers direct routes to Birmingham and London, making this location highly sought-after for both tenants and homeowners.
Auctioneer's Note: This property is being sold with tenants in situ and is available as part of a portfolio of four identical apartments in the same block, all offered at a guide price of £95,000 each. The seller will consider offers for multiple units, making this a perfect opportunity for portfolio buyers.
For further details or to arrange a viewing, please contact Town and Country Property Auctions.
Tenure Leasehold
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Town & Country Property Auctions - Cheshire, Staffordshire and Shropshire. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Town & Country Property Auctions - Cheshire, Staffordshire and Shropshire for full details and further information.