Lot 10 - 367 to 373 Scotland Road, Liverpool, Merseyside, L5 8TS
- Unconditional Online Auction Sale
- Guide Price* : £6,500
Addendum
Freehold ground rent investment comprising a row of properties converted into flats.They are sold with no vacant areas, with the units effectively sold off on a variety of long leases (see legal pack for full details) with a ground rent of a ground rent of £400 per annum with fixed uplifts to £800 on 31/12/2037, £1,200 on 31/12/2062, £1,600 on 31/12/2087 and £2,000on 31/12/2112.
- Residential ground rent investments
- Ground rent of £400 per annum with fixed uplifts in 2037, 2062,2087 and 2112
- Prominent location
ON BEHALF OF THE ADMINISTRATORS; Freehold ground rent investment comprising a row of terraced mixed commercial and residential properties with a ground rent of £400per annum with fixed uplifts in 2037, 2062,2087 and 2112 (reaching £2,000 per annum)
Description
Freehold ground rent investment comprising a row of properties converted into flats.They are sold with no vacant areas, with the units effectively sold off on a variety of long leases (see legal pack for full details) with a ground rent of a ground rent of £400 per annum with fixed uplifts to £800 on 31/12/2037, £1,200 on 31/12/2062, £1,600 on 31/12/2087 and £2,000on 31/12/2112.
Location
Scotland Road (a59) is one of the main arterial routes into Liverpool from the north and the properties occupy a prominent position approximately 1 mile from the city centre and opposite the Great Homer Street District Centre.
Tenure
Freehold.
Buyers Administration Fee
There will be a Buyer's Administration Fee of £1,800 (inc VAT) payable upon exchange of contracts.Additional Information
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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