*Guide | £400,000 (plus fees)
- Commercial Property
- Tenure: Leasehold.
Call the team on 01772 772450 for more information
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. All student units have been sold off The building is producing a ground rent income of £47,800 per annum. Rent review pattern is every 10 years doubling for the first three reviews, then RPI, next review date: 01/09/2032. Managing Agent is in place. Tenure: Long Leasehold Title number: MS592973 Length of Lease/Term: 250 years from January 1995 Ground Rent : £ Service Charge: £ Council Tax Band : Local Authority: Liverpool 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
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
