Lot 5 - Apartment 7 10-12 Pall Mall, Liverpool, Merseyside, L3 6AL
- Unconditional Online Auction Sale
- Guide Price* : £28,000 plus
- Residential Investment
- Let at an annual equivalent income of £5760*
- City centre studio apartment
Residential investment comprising a city centre studio apartment let at an annual equivalent income of £5760*
Description
VIDEO TOUR AVAILABLE ON REQUEST The property comprises a city centre studio apartment, which is sold subject to an existing tenancy and is let at £480 per month. The unit benefits from double glazing, electric heating, lift and intercom system.
*Please note the tenant is in significant arrears and the seller has served him a section 8 notice and a possession order has been applied at the Court.
Location
Pall Mall is situated in Liverpool city centre, offering an ideal location providing convenient access to many of the City's local amenities and universities. Cheapside is accessed from Tithebarn Street and Moorfields Merseyrail underground station is within 200 metres and Liverpool One shopping centre is within 750m.
Tenure
Leasehold for 999 years from 1st January 2014 at a ground rent of £250 per annum and service charge for 2021 of £2,085.84.
Accommodation
Studio Apartment - Open plan lounge/kitchen/Bedroom, Shower room/W.C.
Tenancies
We understand the property is let at £480 per month.
EPC
Energy Asset Rating is C.
Buyers Administration Fee
There will be a Buyer's Administration Fee of £1,920 (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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