Auction House London

Lot 68

 

17 - 19 Lord Nelson Street

Liverpool, Merseyside, L3 5QB

Sold for £20,000

A Freehold Ground Rent Investment Secured on Twenty Self-Contained Flats. Each Flat is Let on a Peppercorn. The Freeholder as the Rights to Manage and Insure.

Description

The property comprises a ground rent investment secured upon twenty self-contained flats within a mid terrace building arranged over ground and two upper floors.

Tenure

Freehold. Each flats has approximately 106 years unexpired on the lease.

Location

The property is situated on a predominantly residential road in Liverpool close to local shops and amenities. The open spaces of St. John's Gardens are within easy reach. Transport links are provided by Liverpool Lime Street rail station.

Accommodation

20 self-contained flats all sold off on leases for a term of 125 years (less 14 days) from 13.11.2000.

Note

S5(b) Notices have been served under the Landlord & Tenant Act 1987 and the leaseholders have not reserved their rights.

The landlord has the right to manage and insure the building. We also understand from the vendor that there is potential to create a car parking space in the basement car park to let or sell for a premium on a long lease (subject to all requisite consents). Furthermore, there is potential to generate income from part of the basement over which leaseholders do not have rights for the purpose of storage (subject to requisite consents).


Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides 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. Each 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.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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There are no internal viewings For further enquiries, please contact Charles Thomas at charles@auctionhouselondon.co.uk
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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