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5a Radnor Place, Liverpool, Liverpool, Merseyside L6 4BD

Lot no: 160 Auction Event
 

Guide Price £10,000 - £20,000 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 29th February 2024

10.00am
Key Features
  • Guide Price £10,000 - £20,000
  • One Bed Leasehold Flat
  • Currently Tenanted Generating £450 pcm
  • Potential 54% yield based on Lower end of the guide price
  • No Viewings Available
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Flat

Property Description:


In the popular area of L6, we have this one-bedroom leasehold flat. Currently tenanted, generating £450 pcm, giving a potential yield of 54% based on the lower end of the guide price.

The seller provided interior pictures before the tenant moved in.

Note

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

Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Draft Sales Details

These sales details are awaiting vendor approval.

Viewing information

Please be advised that there is no access available for this property. Prospective buyers, particularly those relying on financing options who may require a survey, are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure:

Leasehold. Subject to tenancy.

Ground Rent

£10

Unexpired Years

107

Annual Service Charge

£1,590



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 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. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers 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 Buyers 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.
Virtual Viewing