Lot 5 - Block One Egerton Court, Barrow-in-Furness, Cumbria, LA14 2TT
- Unconditional Online Auction Sale
- Guide Price* : £60,000
Addendum
1F - Let at a rent of £300.00 per month, but currently reduced to £150 until an outstanding gutter repair is completed. Please note the seller can only provide a copy AST in respect of Unit 1B and interested parties should refer to the Legal Pack for full details. A copy service charge invoice for arrears has been added to the Legal Pack.
A four storey tenement block of 8 flats comprising 4 two beds and 4 one beds which are partly occupied producing a combined rent of £13,796.16 per annum.
Description
A Victorian tenement block of 8 flats arranged over four storeys comprising 4 x one bedroom and 4 x two bedroom flats. Four of the flats are currently occupied on AST's producing a combined annual equivalent rent of £13,796.16.
Location
Egerton Court is located off Ramsden Dock Road within Barrow Island. The area comprises a mix of tenement housing, serviced apartments and industrial buildings. Barrow lies at the tip of the Furness peninsula close to the Lake District whose western boundary is within 12 miles, being bordered by Morecambe Bay, the Duddon Estuary and the Irish Sea.
Tenure
Leasehold for 125 years (less 3 days) from the 15th day of May 2003 at a peppercorn rent.
Accommodation
We outline below the following approximate Gross Internal Area Measurements:
Ground Floor:
Flat 1A - Entrance Hall, Living Room, Kitchen, Bathroom and Two Bedrooms 54 sq m
Flat 1B - Entrance Hall, Living Room, Kitchen, Bathroom and One Bedroom 43.6 sq m
First Floor:
Flat 1C - Entrance Hall, Living Room, Kitchen, Bathroom and Two Bedrooms 54 sq m
Flat 1D - Entrance Hall, Living Room, Kitchen, Bathroom and One Bedroom 43.6 sq m
Second Floor:
Flat 1E - Entrance Hall, Living Room, Kitchen, Bathroom and Two Bedrooms 54 sq m
Flat 1F - Entrance Hall, Living Room, Kitchen, Bathroom and One Bedroom 43.6 sq m
Third Floor:
Flat 1G - Entrance Hall, Living Room, Kitchen, Bathroom and Two Bedrooms 54 sq m
Flat 1H - Entrance Hall, Living Room, Kitchen, Bathroom and One Bedroom 43.6 sq m
Tenancies
As at the 13th July 2020 we understand the flats were occupied and achieving rent as follows. Please note the seller can only provide a copy AST in respect of Unit 1B and interested parties should refer to the Legal Pack for full details:
1A - Let at a rent of £339.68 per month.
1B - Let at a rent of £320.00 per month.
1C - Vacant
1D - Vacant
1E - Vacant
1F - Let at a rent of £300.00 per month, but currently reduced to £150 until an outstanding gutter repair is completed.
1G - Let at a rent of £340.00 per month.
1H - Vacant.
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,400 (inc VAT) payable upon exchange of contracts.Additional Information
1. A Section 16 Notice from Barrow Borough Council was served on the 19th August 2020. Please refer to the Legal Pack for full details and a copy of the Notice.
2. The property has been served with a Dangerous Buildings Notice. Full details can be found within the legal pack.
3. 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.
4. 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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