For Sale by Online Auction 7th April 2021
1 x Parking space included
Ground rent of £180.00pa
Potential management income
South Liverpool Address
This sale is for the freehold only and not the apartments. There are 4 x apartments in total in the building and all have been sold off on long 999 year leaseholds. There is a total annual ground rent income currently at £180.00pa from 3 of the apartments - there is no provision for ground rent from one apartment. There are also ground rent increases built into these 3 x leaseholds. There is 1 x parking space included with the freehold. There is provision for the freeholder to get 15% management service fee from the service charge provisions of the 3 x chargeable leaseholds, which are currently set at £1500pa, giving an additional annual income circa £675.00.
NB: The buyers fee for this property is at the reduced cost of £500 + Vat
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1250 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.