Terms and Conditions

By submitting a bid you confirm, you have read and understood the terms of sale and special conditions in the legal pack and have clarified all information with your solicitor.

If you’re the successful bidder, you agree to pay the deposit amount and fees and charges associated with this property immediately after the end of the auction.

By placing a bid, you are authorising the auctioneer to sign the contract of sale on your behalf. The exchange of contracts will take place immediately and which point you will become legally bound to purchase and the deposit will contribute towards the purchase price.

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4 Self Contained Flats, End Terraced, Liverpool, L8 4RG

Mill Street, Liverpool L8 4RG, UK

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£165,000

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End: 08-10-2020 15:00:00

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The sale of this lot is subject to an auction administration fee, the greater of £2,500 + VAT or 1.75% +VAT of the purchase price.
  • Freehold
  • 4 Bedrooms
  • 4 Reception Room
  • 4 Bathrooms
  • Investment Property
Red Rooves
01513742701

Hanover 11-13 Hanover Street, Liverpool, UK, L1 3DN

  • Freehold
  • 4 Bedrooms
  • 4 Reception Room
  • 4 Bathrooms
  • Investment Property
Red Rooves
01513742701

Hanover 11-13 Hanover Street, Liverpool, UK, L1 3DN

444 Mill Street, Liverpool L8 4RG

Guide Price - £165,000 + 

A FREEHOLD INVESTMENT

 

Property Description

The building contains 4 self-contained apartments which come with the benefit of the freehold for the entire building. The property comprises of a communal entrance, with stairs to the first floor. Apartment one is a one-bedroom duplex with open plan lounge/kitchen and to the ground floor of the apartment is the bedroom and bathroom. Apartment two has an open plan lounge/kitchen, along with a bedroom and bathroom. Apartment three is a duplex and has an open plan lounge/kitchen, bedroom and bathroom with stairs to the second bedroom. Apartment 4 which is displayed in the pictures on the advert has an open plan lounge/dining room, bathroom and stairs to the bedroom.

All apartments in the building except for apartment for are currently let with an application in process for a tenant for apartment 4;
Flat 1 - £425 pcm
Flat 2 - £395 pcm
Flat 3 - £425 pcm
Flat 4 - £450 pcm - Potential Tenant being Referenced at the moment as at 02-09-2020.

As seen in the pictures, you will see a shop on the ground floor, whilst the sale includes the freehold it does not include for the leasehold on the shop and therefore we nor the client are aware of any financial benefit from the shop.

Potential Gross Rental Income - £1,695 PCM / £20,340 per annum

 

Energy Performance Rating

See Legal Pack

 

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 8 weeks (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 Lots may be withdrawn prior to the end of auction

 

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. 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 currently occupied during the term of the auction but is to be sold with vacant possession, the auctioneer and selling agent take no responsibility if the property is not vacated on or before completion.

No floor plan added.
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