Lot 11 - 1 to 9 Tyrers Mill, High Street, Prescot, Merseyside, L34 6NL
- Unconditional Online Auction Sale
- Guide Price* : £10,000
- Ground Rent Investment
- Freehold to apartment Block
- 9 Apartments producing £200 pa each
- Total gross rent £1,800
- Index linked rent reviews
ON BEHALF OF THE ADMINISTRATORS; Freehold ground rent investment comprising a block of 9 apartments with a ground rent of £1,800 per annum with 25 year index linked reviews
Description
The property comprises the freehold interest in a property that is sub-divided into 9 apartments that have effectively been sold off already by the grant of long leasehold interests in each flat. Each lease is for a term of 125 years from various dates in 2008 and 2009 (see legal pack for full details) and the ground rent reserved is £200 per annum, with the lease stating a 25 year index linked rent review pattern.
Location
The property is conveniently located on the High Street in Prescott, which lies approximately 3 miles from St Helens and 7 miles east of Liverpool city centre.
Tenure
Freehold.
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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