Apartment
A one-bedroom apartment situated in Hatton Tower, Liverpool City Centre. In brief, the property comprises open plan living room with modern kitchen, one double bedroom, contemporary bathroom/WC.
The apartment is within the building of Premier Apartments, a serviced apartment company, who offer short-term and long term lets and there is the option to opt into their lettings and management or self-manage the property yourself.
This is a fantastic opportunity to purchase a 1 bed apartment in a centrally located development. Ideal for a young professional, post grad or as a base if you work outside of the city. This property will appeal to the local market of expanding young professionals. It will also appeal to investors who are looking for a buy to let property as the expected yield would be approximately 8% ROI.
The property is currently offered with vacant possession.
Expected Rent is £700-725 per month.
Service Charge - £1242.88 PA
Ground Rent - £275 PA
125 Year Lease (from August 2007)
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 Conditional with Reservation Fee (England and Wales).
Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Fees:
The following non- refundable auctioneers fee applies:
• Reservation Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 Price
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.
