Freehold ground rents equivalent to £10,643 pa secured against a block of 35 studio flats, occupying a site of 0.36 acres.

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Description/Location

The flats form part of a fine, period building overlooking the famous Sefton Park open space. Lease terms are 125 years from 2015 - 2017, each lease include a provision for 5 yearly reviews in accordance with the RPI. We refer bidders to the legal pack for a schedule of ground rents and lease terms. The freeholder manages and insures the building.

Tenure

Freehold

Office Contact

Please contact Ground Rent Auctions on 020 3987 0139.

Rent

Ground Rent: £10,653 pa (rising)

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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.