A tenanted two bedroom penthouse apartment located in the centre of Dudley, offering an excellent investment opportunity. The property comprises an entrance hallway, open-plan kitchen and reception room, two bedrooms, and a bathroom. The rent is £825 per month. The lease length is 125 years from Sept 2001, 101 years remaining. The ground rent is £930 per annum. This property is ideal for investors seeking immediate rental income in a well-connected and growing area. Dudley is a historic market town in the West Midlands, known for its strong transport links and proximity to the Black Country Living Museum and Dudley Zoo. Auctioneers Note The deposit for exchange of contracts on this property is 5% subject to a minimum of £5,000. The completion period for this property is 56 days. Starting Bid and Reserve Price *The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price. Reserve prices are subject to change up to the date of the auction. Please note that’s Lots may be withdrawn prior to the end of auction. Disclaimer These particulars, whilst believed to be accurate based on information from the seller and photographic evidence, are set out as a general outline only for guidance and do not constitute any part of an offer or contract. We have not physically inspected the property, therefore intending purchasers should not solely rely on these details as statements of fact, but must satisfy themselves by personal inspection or other means to verify the information provided. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. If the property is occupied during the auction but to be sold with vacant possession, we take no responsibility if the property is not vacated on or before completion.