Vacant Studio Apartment

Vacant third floor studio apartment located in former silk mill. On internal inspection the property briefly comprises a compact open plan living space/bedroom, kitchen area, and a bright, modern shower room. The property is designed for students and has communal spaces, including a fantastic games room, laundry room, a bike store and gym. The apartment is located close to Lancaster University Campus and a short distance from the town centre and Access to the M6. Please note that we are informed by the seller that a tenant is due to move into the property mid September paying £240 per week on a 44 week contract. Tenure: Leasehold Title number: Length of Lease/Term: 150 years from 1st January 2020 Ground Rent : £350 per year Service Charge: £1098 per quarter Council Tax Band : Local Authority: Lancaster Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Leasehold.

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Local Authority

Lancaster City Council

Solicitors

Birchall Blackburn Law, 38-46 Avenham Street, Ref: Birchall Blackburn Law, Tel: 01772 552217

Additional Fees

Buyer's Premium - £1200 inc VAT payable on exchange of contracts.

Administration Charge - 2.5% inc VAT of the purchase price, subject to a minimum of £3000 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.