Freehold Block with Three Tenanted Apartments (x1 Two Bedroom & x2 Three Bedroom) – Gross Income £43,000pa

Currently fully let to students, this freehold block of 3 apartments has been fully let for the last 7 years. Benefiting from 1 x two bedroom apartment and 2 x three bedroom apartments all with en-suite shower rooms. Tenant Information: Currently bringing in a gross income of £43,000 and is currently let for the student year of June 2023 – July 2024. New tenants have already been lined up for the student year of 2024/2025 for two of the apartments and the current letting agent is advertising the last apartment for let. We have been advised that the outgoings for the property is approx. £6,000pa. For more information relating to the tenancy, please refer to the legal pack. The building offers a central location with local amenities in the surrounded area. Situated 0.2miles from Preston train station and 1 mile from the University of Central Lancashire. Tenure: Freehold Title number: LA817226 Council Tax Band: A (for all 3 apartments) Local Authority: Preston Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip

Tenure

Freehold

Flat 1:

Entrance Hall 2.08 x 2.54 (6'10? x 8'4? ) Lounge 2.54 x 3.79 (8'4? x 12'5? ) Kitchen Bedroom 1 3.59 x 3.43 (11'9? x 11'3? ) Bedroom 1 En-Suite 1.01 x 2.03 (3'4? x 6'8? ) Bedroom 2 3.06 x 3.79 (10'0? x 12'5? ) Bedroom 2 En-Suite 1.07 x 2.35 (3'6? x 7'9? ) Box Room 2.45 x 2.46 (8'0? x 8'1? ) Sun Room

Flat 2:

Entrance Hall 0.86 x 3.89 (2'10? x 12'9? ) Lounge 3.06 x 2.74 (10'0? x 8'12? ) Kitchen 1.56 x 2.39 (5'1? x 7'10? ) Bedroom 1 Bedroom 1 En-Suite Bedroom 2 3.83 x 3.25 (12'7? x 10'8? ) Bedroom 2 En-Suite 0.90 x 2.44 (2'11? x 8'0? ) Bedroom 3 4.54 x 3.60 (14'11? x 11'10? ) Bedroom 3 En-Suite 1.03 x 2.29 (3'5? x 7'6? )

Flat 3:

Entrance Hall Flat 3 0.76 x 2.74 (2'6? x 8'12? ) Lounge 3.58 x 2.72 (11'9? x 8'11? ) Kitchen 1.81 x 3.43 (5'11? x 11'3? ) Bedroom 1 3.52 x 3.48 (11'7? x 11'5? ) Bedroom 1 En-Suite 0.91 x 2.72 (2'12? x 8'11? ) Bedroom 2 4.74 x 3.45 (15'7? x 11'4? ) Bedroom 2 En-Suite 1.12 x 2.48 (3'8? x 8'2? ) Bedroom 3 3.61 x 3.45 (11'10? x 11'4? ) Bedroom 3 En-Suite 1.12 x 2.48 (3'8? x 8'2? )

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 Apt 1: D, Apt 2: C, Apt 3: D

Local Authority

Preston City Council

Solicitors

Lex Solicitors, Ref: Lex Solicitors

Additional Fees

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.