For Sale By Auction | 12:00, 13 March 2024 | Lot 50

38 Waller Street & 19 Fernhill Close, Liverpool, Merseyside L20 4PU

*Guide | £170,000 (plus fees)

  • Terraced House
  • Tenure: See Legal Pack

Call the team on 01772 772450 for more information

Auction Date

Wed 13/03/2024

Auction Time

12:00

Auction Venue

Online Auction

Two Investment Properties – 2 Bedroom Mid Terrace & 3 Bedroom Mid Terrace

An opportunity for a buy to let investor to purchase two separate properties in the same lot. Waller Street is a two bedroom mid terrace property with a current tenant in situ until August 2024 paying £900pcm. Fernhill Close is a three bedroom mid terrace property also with a tenant in situ currently on a periodic tenancy paying £575pcm. Rents are currently achieving higher in the area. The total rental income is therefore £1,475 pcm / £17,700 pa. Based on the current income, a purchase at the guide price produces a yield of 10%+. Waller Street Tenure: Leasehold Title number: MS652221 Length of Lease/Term: 999 years from 25/03/1905 Ground Rent : £26 per annum Service Charge: £0 Council Tax Band : Business Rates Fernhill Close Tenure: Freehold Title number: MS289873 Council Tax Band : A Local Authority: Sefton Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip

Tenure

See Legal Pack

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating C & C

Local Authority

Sefton Council

Solicitors

Birchall Blackburn, Ref: Birchall Blackburn

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Buyer's Premium - 1.8% inc VAT of the purchase price, payable on exchange of contracts.

Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.