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    Auction House London
    Lot 190A
    Block of Apartments
    A Portfolio of 20 Units in Arndale House
    89-103 London Road, Liverpool, Merseyside, L3 8JA
    Sold for £165,000.
     
    All
    Number 1
    A Portfolio of 20 x Individual Student Units. Fully Let Producing £124,800 Per Annum (equivalent)

    Description

    The portfolio consists of 20 x standard one bedroom units in a shared self-contained cluster flat situated within a purpose built student block benefiting from full time accommodation management and access to a communal kitchen/living room and a gym.

    Tenure

    Leasehold. The units are held on a 999 year leases from 2012 (thus approximately 987 years unexpired).

    Location

    The development is situated in a prominent city centre location close to local shops and amenities. The open spaces of Rupert Lane Recreation Ground are within easy reach. Transport links are provided by Liverpool Lime Street rail station.

    Accommodation

    20 x Studio Rooms with En-Suite

    Tenancy

    Flats 1C, 1E, 2C, 6C, 8C, 8E, 9A, 9C, 11C, 11D, 11E, 11F, 12D, 15B, 17C, 18B, 22E, 25B, 25C, 25F are fully let on student tenancies producing a combined income of £124,800 per annum (School term of 48 weeks per annum). Please refer to the legal pack for the full tenancy schedule.

    Note

    The property has not been inspected by Auction House London. All information has been supplied by the vendor.

    Addendum

    As advised in the solicitor's addendum within the legal pack, the property is affected by cladding issues, there is no current answer as to whether the property is insured or not and there is a realistic scenario that the tenants may need to be rehomed. For the avoidance of doubt, the portfolio is fully let producing a gross income of £124,800 per annum (a term of 48 weeks). The individual units are all standard student rooms within shared cluster flats.
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    020 7625 9007 or email us at info@auctionhouselondon.co.uk
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    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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