Block of Apartments
DRAFT DETAILS
Fearnley Hall is a part-Grade II listed building containing a mix of twenty self-contained studios and one bedroom apartments.
This is an opportunity to acquire four apartments within this development as well as the freehold for the site. The building itself is well maintained, occupying a high proportion of owner-occupiers and is well positioned, close to the centre of Birkenhead and it’s ample offering of leisure services and shopping amenities. Located just off the A552 and only walking distance to Birkenhead central station, this development boasts strong transport links and would make a strong addition to a landlords portfolio.
The auctioneers have not inspected the properties but believe them to comprise:
Flat 3: (1x bedroom) let on an AST at £375.00 PCM
Flat 4: (1x bedroom) Iet on an AST at £385.00 PCM
Flat 10: (Studio)
Flat 18: (Studio) let on an AST at £310.00 PCM
Note: We believe that fully tenanted, these four properties would generate an annual income in the region of £16,440.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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