Ground Rent Investment Producing £47,800 per annum

Ground rent investment of a student accommodation block which was refurbished in 2012-13 and comprises 121 student cluster units and 1 x commercial unit on the ground floor and basement. All student units have been sold off apart from Unit 3.4-5 which has been forfeited and possession obtained, this unit could be sold off in the future. The building is producing a ground rent income of £47,800 per annum (each flat range from £300 to £400 per annum) . Rent review pattern is every 10 years doubling for the first three reviews, then RPI, next review date: 01/09/2032 (in line with RPI). Managing Agent is in place. Tenure: Long Leasehold Title number: MS592973 Length of Lease/Term: 250 years from January 1995 Ground Rent : Head Rent - peppercorn Service Charge: £ tbc Council Tax Band : n/a Local Authority: Liverpool We are informed that there is a pending Land Registry application, the details of which are being ascertained and will be referred to in the Legal pack. 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

Liverpool City Council

Additional Fees

Administration Charge - 2.5% inc VAT of the purchase price, subject to a minimum of £2500 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.