Lot 1 - Flat 17 Fowlers Buildings, 7 Victoria Street, Liverpool, Merseyside, L2 5QA
- Unconditional Online Auction Sale
- Guide Price* : £37,000
Addendum
We understand the quarterly service charge is £443.21.
- 2nd Floor 2 bedroom flat
- Refurbishment required
- Convenient city centre location
ON BEHALF OF RECEIVERS: Vacant second floor two apartment
Description
*VIDEO TOUR AVAILABLE UPON REQUEST* The property comprises hall, bathroom and open plan kitchen/lounge, alongside a small double bedroom and master bedroom with en-suite shower room. Leading from the lounge/kitchen area is a small balcony. It has plastered and painted walls, exposed brick and vaulted ceilings to the open plan kitchen/lounge and bedrooms, laminate floor coverings to the hallway and living accommodation and carpet floor coverings to the bedrooms. The main bathroom comprises shower over bath, WC, and sink with linoleum floor and tiled walls, and the kitchen includes integrated fridge, oven, and hob. The en-suite bathroom has a walk in shower, w/c and washbasin with part tiled, part plastered and painted walls. We note the floor covering has been removed.
Please refer to the Tenure section for information on a discrepancy between the title and lease plan and numbering of units on site. This may mean that the property is only suitable for cash buyers.
Location
The subject is located on the periphery of the Cavern Quarter, a district in the centre of Liverpool to the north side of Victoria Street, which is mixed use in nature and provides a range of
bars, night clubs, restaurants, hotels, and flats. within walking distance are further amenities within the city centre to include Liverpool One, a selection of shops, restaurants, hotels, bars, museums, art galleries, and several railway stations. Moorfields is the nearest railway station and is within circa 0.3 miles.
Tenure
Leasehold for a term of term of 125 years (less 3 days) from 1 January 2004 at an initial ground rent of £100 per annum, subject to index linked 5 yearly rent reviews. We understand the quarterly service charge is £443.21and please refer to the Legal Pack for full details on ground rent and service charge (Note response from the Mgt Company and LPE1 is awaited). Important Notice: The title to be sold is identified by the lease dated 12 January 2005 and is described as being Flat 17 Fowlers Buildings, Victoria Street Liverpool L2 5QA which is registered under MS507658. It has come to the Seller’s attention that the property in the Seller’s possession does not appear to correspond with the Title Plan for MS507658 and the physical numbering does not appear to correspond with the registered address. The property numbered Flat 17 on the door is registered under title number MS507670. The Seller is aware that the discrepancy over the numbering on site compared to the registered titles applies to at least numbers 23,24 and 25 alongside 16 and 17. The Seller cannot confirm whether the lease plans are incorrect, or the numbering on site, albeit the property numbered 17 on site has been in the seller’s possession without challenge. In addition, the Sellers agents established from the buildings managing agents that the mortgagee has been paying ground rent and service charge for the property numbered 17 on the door for numerous years. Payments have been accepted by the managing agents as being for the property in possession and numbered 17 on site. They have also provided correspondence to confirm that the registered proprietor shown on the Land Registry Register for Flat 17 is the owner of the unit numbered 17 on site.
Accommodation
Entrance hall, bathroom, open plan kitchen/lounge, small double bedroom, master bedroom with en-suite shower room -73.28 sq.m (788 sq ft)
EPC
Energy Asset Rating is D.
Council Tax Band
B
Lease Start Date
01/01/2004
Lease Duration
125 years (104 years unexpired)
Annual Ground Rent
£100 - reviewed every 5 years
Annual Service Charge
£1,773
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,700 (inc VAT) payable upon exchange of contracts.Additional Information
1. Completion is 14 days.
2. 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.
3. 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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