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Apartment 2, 36 Hamilton Square, Birkenhead, Merseyside CH41 5BP

Auction Event
 

Guide Price £50,000+ 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 30th May 2024

9.00am
Key Features
  • Fantastic AIR BNB or tenancy let invesment
  • Walking distance to excellent amenities
  • Basement apartment set in grade I listed building
  • Situated in the sort after area of Hamilton Square
  • Two bedrooms with ensuite to the master
  • Large lounge and a family bathroom
  • Modern kitchen
  • EPC Rating: E
  • Council Tax Band: A
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Apartment

Property Description:

An excellent two bedroom basement apartment situated in the sort after area of Hamilton Square!

The apartment comprises of private entrance, hallway, large lounge, modern kitchen, en suite master bedroom, second bedroom and family bathroom.

The property will make a fantastic rental investment with achievable rent of £800 per calendar month. This represents a yield of 19.2% against guide price.

Set within this grade l Listed building, previously utilised as the NatWest Bank...the property would be amazing as Air BnB style accommodation being such an easy commute into Liverpool and nearby locations.

Situated in the sort after area of Hamilton Square within walking distance to local amenities and transport links.

Additional Information
Parking Arrangements: On street
Water: Mains
Electric: Mains
Sewerage: Mains
Heating: Electric immersion
Building construction: Solid brick
Flood Risk: Surface water - very high
Broadband availability: Standard and Superfast
Mobile Signal availability: O2, EE, Three and Vodafone
Satellite and Cable TV Availability: BT and Sky

Leasehold Information

999 years from and including 1 January 2014. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Note

Please be advised that 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.

Tenure:

Leasehold. Vacant possession upon completion.

Unexpired Years

989

Annual Service Charge

£3,323



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.