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Apartment 7, 108 Princes Road, Liverpool L8 8AD

Lot no: 174 Sold Prior to Auction
 

Guide Price £60,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 27th April 2023

10.00am
Key Features
  • Over 11% Yield Potential
  • One Bedroom Apartment
  • 2.3 miles from Liverpool City Centre
  • Popular area of Princess Park
  • Tenanted
  • EPC Rating: C
  • Council Tax Band: A
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Sold Prior to Auction

Apartment

Property Description:

Would you be interested in investing in the Liverpool Property market?

Are you interested in earning an income from day one?

We are pleased to offer this one-bedroom 36 sqm apartment with tenant in situ on a 12-month AST from June 2022. With a rental income of £595 per calendar month, giving a potential yield of over 11%.

Located within a short distance of just 2.3 miles to Liverpool city centre, on Princess road, the popular leafy area of Princess park. Looking to get some fresh air? You have the choice of two parks, Princess park, only 0.4 miles away, or 1.3 miles away, the magnificent 235-acre Grade 1 historic Sefton park. Sefton park is a Green flag and a Green heritage awarded site with beautiful features and monuments. (data taken from google maps)


No viewings available.

Note

Please be advised the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Note

The Property is sold subject to a sitting tenant. We have not been provided with a copy of the Tenancy Agreement and cannot therefore confirm the rental figure given in our marketing. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Note

Please be advised that [INFORMATION MISSING] has been requested, but is currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.

Note

Please be advised that [OPTIONAL: whilst our joint agent has conducted an inspection,] the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Potential Buy To Let Investment

Thought suitable as a Buy-to-Let investment opportunity subject to any restrictions contained within the lease. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure:

Leasehold. See legal pack.

Unexpired Years

112



Auction Details

The sale of this property will take place on the stated date by way of Buy It Now and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.


Auction Deposit and Fees

The following deposits and non- refundable auctioneer’s fees apply:

• 5% deposit (subject to a minimum of £5,000)
• Buyer’s 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 and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

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.

Immediate Purchase:

The property is available to purchase immediately at the available price listed on the lot.
In some exceptional circumstances there may be a delay in processing your registration. If this delay results in another person placing a successful offer, SDL Property Auctions are not liable to you for any loss of opportunity.
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