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25 Minster Court, Liverpool, Merseyside L7 3QB

Lot no: 44 Sold After Auction
 

Guide Price £95,000+ 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 25th April 2024

9.00am
Key Features
  • Top Floor, Two Bed Apartment
  • Great potential rental investment
  • Currently Vacant
  • Communal Parking
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Sold After Auction

Apartment

Property Description:

We are pleased to bring to the market this two bedroom apartment located in the Minster Court development in the L7 area of Liverpool. Siting on the outskirts of Liverpool city centre and within walking distance of Liverpools University district is Minster Court. A range of amenities including public transport links all in the vicinity it is easy to see why this is such a popular development with owner occupiers and investors alike.

This apartment is situated on the top floor of Minster Court. This spacious apartment briefly comprises of a hallway, lounge, dining room, kitchen, two bedrooms and bathroom.

The apartment does require some modernisation but this has been reflected in the asking price.

Entering the apartment the hallway provides access to the lounge, bedrooms and bathroom respectively. The hallway also benefits from two storage cupboards. The lounge is a bright and spacious living area full of natural light from the large front aspect window. The lounge is open plan with the dining area and also provides access to the kitchen. The kitchen contains a range of fitted wall and floor units with space provided for a cooker, washing machine and fridge/freezer. Both bedrooms are of a double size and contain laminate flooring. Bedroom one benefits from fitted wardrobes with matching headrest, bedside tables and computer desk. The bathroom contains a three piece white suite comprising of a panelled bath, low level w/c and hand wash basin in a vanity unit.

The property also benefits from double glazing and electric heating throughout.

Accommodation:
Hallway - 6.77m x 1.00m (22ft 3 x 3ft 3)
Lounge - 3.95m x 3.42m (12ft 12 x 11ft 3)
Kitchen - 2.97m x 2.10m (9ft 9 x 6ft 11)
Dining Room - 2.55m x 2.34m (8ft 4 x 7ft 8)
Bedroom One - 4.00m x 3.23m (13ft 1 x 10ft 7)
Bedroom Two - 4.08m x 2.60m (13ft 5 x 8ft 6)
Bathroom - 1.50m x 2.98m (4ft 11 x 9ft 9)
Leasehold Information

We have been informed the property is leasehold on a 999-year lease from March 1983. There is a service charge of £295 per quarter and a peppercorn ground rent. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Additional Information:

Construction Material: Standard brick. Services: TBC. Heating: Electric heating. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2 and vodafone show as high in this area, and EE and Three as medium. Satellite and Cable - BT and Sky show as available in this area.

Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure:

Leasehold. Vacant possession upon completion.

Unexpired Years

958

Annual Service Charge

£1,240



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.