Four Tenanted Self-Contained Apartments (1x two bedroom & 3x one bedroom)

NO VIEWINGS AVAILABLE Auction House North West has not inspected the subject property but have been advised there to be four individual, self-contained apartments situated within a detached Edwardian property. We have been advised that all four apartments are currently tenanted and would be sold with the tenants in situ. We have not been provided with any tenancy agreements and therefore are unable to confirm the terms of the agreement or the current producing income. However, we have been advised that the rental income in 2018 was as follows: Flat 1: £550pcm Flat 1a: £475pcm Flat 2: £450pcm Flat 3: £350pcm Bringing in a combined income of £1,825pcm / £21,900pa. Please be advised that this income has not been confirmed as a current rental income. For more information relating to the tenancy, please refer to the legal pack. We believe that the apartments comprise of the following: Flat 1: Residing on the ground floor, this is a two-bedroom apartment comprising of an open plan kitchen/living room, two bedrooms and a bathroom. We believe the total floor area to be approx. 66m2. Flat 1a: Residing on the basement level, this is a one-bedroom apartment comprising of a living room, kitchen, study area, bedroom and a bathroom. We believe the total floor area to be approx. 106m2. Flat 2: Residing on the ground floor, this is a one-bedroom apartment comprising of a living room, kitchen, bedroom and a bathroom. We believe the total floor area to be approx. 49m2. There is also shared access to the communal garden. Flat 3: Residing on the ground floor, this is a one-bedroom apartment with its own private entrance including a private courtyard area. Comprising of a living room, kitchen, bedroom and a bathroom. We believe the total floor area to be approx. 42m2. We believe that all apartments include off road parking, electric heating and double-glazed windows but this has not been confirmed. Tenure: Leasehold (all apartments) Title number: MS537811 (Apt 1), MS535013 (Apt 1a), MS5305011 (Apt 2), MS535012 (Apt 3) Length of Lease: 999 years from 1 January 1988 Ground Rent: Please refer to the legal pack Service Charge: Please refer to the legal pack Council Tax Band: A (all apartments) Local Authority: Wirral Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Leasehold.

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.

Local Authority

Wirral Metropolitan Borough Council

Solicitors

Priority Law Limited, Ref: Anthony Akka, Tel: 0161 2077600

Additional Fees

Administration Charge - 2.5% inc VAT of the purchase price, subject to a minimum of £2500 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.