This property has been sold prior.
A substantial three storey semi-detached property comprising 5 self-contained flats, 3 x 1 bed and 2 studio apartments. Three are currently let by way of rolling contracts producing a rental income of approximately £13,520 per annum. When fully let the potential income is £20,000 per annum however there is potential for an increase once refurbished. The property benefits from partial double glazing, new insulation and communal gardens. The property is sold subject to a long leasehold interest for a term of 99 years with 24 years remaining. Potential purchasers should make their own enquiries with Liverpool City Council to extend the lease or purchase the freehold. The property will only sell to cash buyers.
Off Newsham Drive in a popular and well-established residential location within walking distance to Tuebrook amenities, Newsham Park, schooling and transport links. Approximately 4 miles from Liverpool City Centre.
Main Entrance Hallway Flat 5 - Open Plan Lounge/Kitchen, Bedroom, Shower room/WC. Flat 6 - Lounge/Bedroom, Kitchen, Bathroom/WC
Flat 4 - Lounge/Bedroom, Kitchen, Bathroom/WC Flat 3 - Open Plan Lounge/Kitchen, Bedroom, Shower room/WC.
Flat 1 - Lounge, Bedroom with WC, Kitchen, Shower.
Front and Rear Gardens. Driveway
Flat 1 - E Flat 3 - D Flat 4 - E Flat 5 - C Flat 6 - C
Flats 1 - 6 - All Band A GET READY TO BID BY VISITING THE AUCTIONEERS WEBSITE
Leasehold
Sutton Kersh - Auctions
2 Cotton Street,
Liverpool,
L3 7DY
t. 0151 207 6315
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Disclaimer: On some client's instructions not all properties are available to purchase prior to auction however we will submit all offers on your behalf.
An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
A successful purchaser will also be required to pay a Buyer’s Administration Charge of 1.2% of the purchase price subject to a minimum fee of £1,500 including VAT (unless stated otherwise within the property description in the catalogue) by debit card or bank transfer.
You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees).
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