Studio flat
The property comprises ground floor student accommodation located in Trinity Hall on the Laisteridge student village. The block is undergoing refurbishment including all the communal areas, shower and kitchen facilities.
The building is arranged over ground and three upper floors, providing a total of 84 units. Each floor has a total of 21 units, spread across three clusters of seven. There is a shared kitchen and bathroom facilities for each cluster of seven.
We are advised that the property is leasehold subject to a 125 year lease commencing 01/01/2019 at an initial starting annual ground rent of £150 pa. and service charge of £450. We recommend interested parties inspect the legal pack for verification.
The building is Situated in Laisteridge student village occupying a prominent position at the front of the development. Bradford city centre is less than a mile away which benefits from road and rail connections including to Bradford Airport which is under 8 miles from the accommodation.
We understand that VAT will not be chargeable on this transaction.
Leasehold.
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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