Flat for sale in Grosvenor Park, Pennhouse Avenue, Wolverhampton, West Midlands WV4

For Sale by Modern Method of Auction, Starting Bid £30,000 plus Reservation Fee.

Well-presented second floor one bedroom retirement apartment with over 55 years of age restriction.

This property is situated at the rear of Grosvenor Park, overlooking the Penn Road and you can watch the world go by each and every day.

The well-presented accommodation comprises; Entrance hall with large storage cupboard, shower room, a great sized living room that has sufficient space for a dining table if required, a modern kitchen with conveniently positioned space for appliances and finally a double bedroom having fitted wardrobes with mirrored doors.

There are communal facilities that include a Residents Lounge, Laundry and well-kept gardens. The Development Manager can be contacted from various points within each property in the case of an emergency. For periods when the Development Manager is off duty there is a 24 hour emergency call system. It is a condition of purchase that residents be over the age of 60 years, or in the event of a couple, one must be over the age of 60 years and the other over 55 years.

This property is for sale by The West Midlands Property Auction, powered by iam-sold Ltd.

Agent Notes:
Lease Start Date - 13th March 1989
Lease Term - 120 Years from 1st September 1987

Ground Rent -Bi annual is £264.60
Service Charge - Bi-Annual Fee is £1209.58 + Service Charge Reserve £701.81

Mobile coverage from all four major networks.

Superfast Fibre Broadband

All services are mains connected apart from gas.

Residents parking

*Results provided by Ofcom and correct at time of listing.

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.50% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.<br /><br />