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Spring Meadow, Telford TF7 1 bed apartment for sale
58 Spring Meadow, Sutton Hill, Telford, Shropshire, TF7 4AG
£27,000
58 Spring Meadow, Sutton Hill, Telford, Shropshire, TF7 4AG
£27,000
Our Summary
- Guide Price £27,000 * Plus 5% Buyers Premium + VAT* Plus 5% Buyers Premium + VAT For sale by Unconditional Online Auction on the 30th of April 2025
- EXCELLENT INVESTMENT OPPORTUNITY TO ACQUIRE THE FREEHOLD OF TWO APARTMENTS AND FIVE GARAGES Description We are pleased to offer to the market by online public auction an excellent opportunity for a cash purchaser to acquire the freehold title to two apartments and five garages
- 6% Legal Pack A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction
- Auction Information
- To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa
- 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,
Description
This property is being sold by online public auction on April 30th, 2025, and is an excellent investment opportunity for a cash purchaser. The freehold title to two apartments and five garages is being offered at a guide price of £27,000, with a 5% buyers premium and VAT added to the purchase price. The garages are currently let at £40 per unit per month, generating an annual income of £2,000, while the ground rent on the apartments is £33 per month per flat, providing an annual return of £3,192, or a yield of 10.6%. The property is situated at 58&61 Spring Meadow, Sutton Hill, Shropshire, and the legal pack and auction information can be viewed online. The auction is unconditional, meaning that the buyer is legally bound to purchase the property and the seller is legally bound to sell it, with contracts to be exchanged 28 days following the auction. The seller may also consider pre-auction offers prior to the auction date, subject to the same conditions as the auction.