£980,000

20 bed block of flats for sale

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Auction

Guide price

£980,000

20 bed block of flats for sale

Flats 32 - 36B Tudor Court, Tipton, West Midlands DY4

20 beds
EPC rating: D

Key Information

Tenure:
Council tax band:
A

Local area information

Property location

Nearby amenities

  • Sacred Heart Primary School 0.2 miles
  • Dudley Port 0.2 miles
  • St Martin's CofE Primary School 0.5 miles
  • Tipton 0.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold Investment Opportunity - Complete Block of 11 Apartments (Rental £80,640 p.a.)
Guide Price = £900,000 - £980,000

Property for auction on 10th July at 13:00 at Avery Fields, 79 Sandon Rd, Birmingham B17 8DT - Public Auction including Live Stream & Telephone Bidding.

Property Description:
A modern apartment development of three storey brick/block construction surmounted by a pitched tile clad roof and containing 11 well laid out purpose built apartments (1 X 3 bedroom, 7 x 2 bedroom and 3 x 1 bedroom) all benefitting from UPVC double glazed windows and electric heating.

The property was constructed following grant of planning consent in 2007 and is being sold on behalf of the developer who has rented each apartment since construction providing a reliable and attractive investment income.

The development is set back from Tudor Court behind a lawned foregarden and has vehicular drive access to a secure gated car park located to the rear.

Tudor Court forms part of an established residential area and leads via Tudor Street off Dudley Port (A461) approximately 1 miles to the North East of Dudley Town Centre.

Tenancy Information
All apartments are let on Assured Shorthold Tenancies at the following rentals.

Ground Floor
Flat 32 Tudor Court - £525 per calendar month
Flat 32A Tudor Court - £625 per calendar month
Flat 33 Tudor Court - £525 per calendar month
Flat 36B Tudor Court - £525 per calendar month

First Floor
Flat 33A Tudor Court - £625 per calendar month
Flat 34 Tudor Court - £625 per calendar month
Flat 34A Tudor Court - £625 per calendar month
Flat 35 Tudor Court - £675 per calendar month

Second Floor
Flat 35A Tudor Court - £625 per calendar month
Flat 36 Tudor Court - £625 per calendar month
Flat 36A Tudor Court - £720 per calendar month

Total Rental Income: £6,720 per calendar month (£80,640 per annum)

Accommodation
The auctioneers have inspected a sample of apartments as follows:

Ground Floor
Communal Hallway with security door entry system.

32 Tudor Court: One bedroom apartment (not inspected)
32A Tudor Court: One bedroom apartment (not inspected)
33 Tudor Court: Reception Hall, Lounge: 3.93m x 3.28m, Double Bedroom: 3.72m x 2.97m with patio doors to private garden, Inner Hall, Kitchen: 2.95m x 1.97m, Bathroom: 2.43m x 1.95m with panelled bath having shower attachment, wash basin and WC.
36B Tudor Court: One bedroom apartment (not inspected)

First Floor
Communal Stairs and Landing:

33A Tudor Court: Reception Hall, Lounge: 4.73m x 3.41m, Kitchen: 3.30m x 1.68m, Bathroom: 2.31m x 1.73m with panelled bath having shower attachment, pedestal wash basin, WC, Bedroom One: 3.95m x 3.33m, Bedroom Two: 3.93m x 3.30m.
34 Tudor Court: Two bedroom apartment (not inspected).
34A Tudor Court: Two bedroom apartment (not inspected).

35 Tudor Court: Reception Hall, Lounge: 5.52m x 3.76m, Bedroom One: 4.74m x 2.39m, Bedroom Two: 3.63m x 2.89m, Bedroom Three: 2.96m x 2.63m, Kitchen: 2.08m x 1.97m, Bathroom: 1.97m x 1.91m having panelled bath with shower attachment, pedestal wash basin and WC.

Second Floor
Communal Stairs and Landing to

35A Tudor Court: Reception Hall, Lounge: 4.80m x 4.12m, Kitchen: 3.29m x 2.61m, Bedroom One: 3.34m x 3.0m, Bedroom Two: 4.32m x 3.82m, Bathroom: 4.21m x 1.79m with panelled bath having shower attachment, pedestal wash hand, WC.
36 Tudor Court: Two bedroom apartment (not inspected).
36A Tudor Court: Two bedroom apartment (not inspected).

Outside:
Front: Lawned foregarden with secure gated driveway to rear.
Rear: Residents Car Parking Area with 14 spaces and Communal Gardens.

Council Tax Band: All Flats are Band A
EPC Rating: All Flats are rated D, except Flats 33A, 34A, 35 & 36A which are rated C

Legal Documents:
Available at

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