Vendor: Executor

A spacious 2-bedroom, 10th-floor flat (619 sq ft) with balcony. The property will benefit from refurbishment. Development potential, vacant.

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Description/Location

The property benefits from an extended lease (115 years unexpired). It is situated in the town centre and enjoys views of the church and castle, Tamworth Station 0.6 miles. Post refurbishment, we estimate the rental value is £750 pm / £9000 pa. The block is named after Sir Robert Peel, Tamworth born prime minister and founder of the Metropolitan Police.

Tenure

Leasehold: 125 years from 25/11/2015

Viewing

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Accommodation

10th Floor: Front door to entrance hall, sitting room with balcony, kitchen, 2 bedrooms, wet-room.

Virtual Tour

Virtual Tour Flat 44, Peel House

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Legal documents

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £2,100 (inc. VAT) unless otherwise stated in the addendum (£600 inc. VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.