Lot 03 - 114 Wolstenholme Square, 2 Nation Way, Liverpool, L1 4LE

  • Unconditional Online Auction Sale
  • Guide Price* : £60,000

Spacious studio flat in modern development next to Liverpool One in Liverpool city centre. Close to all local amenities with a potential 11% gross yield once let.

Description

Situation & Description

This long leasehold studio flat is situated on the sixth floor of this modern development and is within walking distance of Liverpool One shopping centre and Liverpool Central station offering a wide range of amenities including cafes, bars, restaurants, independent and High Street retailers. The Royal Liverpool University Hospital and Royal Albert Dock are also within close proximity to the flat.

This sixth floor flat extends to 323sqft and if let on an Assured Shorthold Tenancy with the tenant paying £550 per calendar month, this would be the equivalent of £6,600 per annum or a gross yield of 11% if fully let and purchased at the guide price of £60,000.

The flat consists of: Studio room with open plan kitchen/living/dining room with sleeping area and separate wet room.

The lease is 255 years from 1st January 2015 thus having just under 250 years remaining with a ground rent of £350 per annum and a service charge of £1,300 per annum.

Copies of the lease and service charge schedule will be contained with the Legal Pack.

Auctioneer's Note
Due to the square footage of the studio, it is our understanding that buyers will not be able to obtain a mortgage on the studio.

Auction Details
The lot is to be sold by online auction on Wednesday 16th November at 8:10pm (bidding opens on Tuesday 15th December at 12pm)

All interested parties who wish to bid, please contact My Auction on 0207 101 4868

Please note that a Buyer’s Premium of 1.2% inc.VAT of the purchase price is to be paid by the successful Buyer (subject to a minimum fee of £2,400 inc.VAT).

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. 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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