Unsold, please refer to the auctioneer

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Freehold ground rent investment secured against a 3 storey, purpose built block of 25 apartments occupying a corner site of 0.64 acres. Development potential subject to planning.

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Description/Location

The block was constructed in 1978 with a flat roof and is situated at the junction of Trafalgar Road and Belgrave Road. There is potential to add additional floors in accordance with permitted development legislation, bidders should make their own enquiries in this regard. The lessees are Jigsaw Homes who hold a lease for 999 years from 30/06/1874 at an annual ground rent of £150 pa. The CGI gives an indication of how the block could be developed subject to the necessary consents.

Tenure

Freehold

Local Authority

Sefton Metropolitan Borough Council

Office Contact

Please contact Elliott Network Auctions on 01923 240420

Rent

Ground Rent: £150 pa

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.