Lot 97
    Flat
    Apartment 22 Produce Exchange Building
    8 Victoria Street, Liverpool, Merseyside, L2 6QJ
    Sold for £79,000.
     
    Number 1
    A Second Floor One Bedroom Flat Subject to a Corporate Let Producing £9,600 Per Annum

    Description

    The property comprises a second floor one bedroom flat with lift access and secure intercom entry. The flat is situated within a Grade II listed building arranged over ground and five upper floors. The building has recently been comprehensively restored internally and externally and is operated by a serviced apartment provider with concierge.

    Tenure

    Leasehold. The property is held on a 500 year lease from 31st March 2016 (thus approximately 491 years unexpired).

    Location

    Situated in the commercial district of the city centre, close to shops, restaurants, bars, tourist attractions and other amenities, including Liverpool One and Liverpool Waterfront. Transport links are provided by James Street rail station within walking distance, as well as major road and sea links.

    Accommodation

    Second Floor
    Reception Room
    Kitchen
    Bedroom
    Bathroom

    Tenancy

    The property is subject to a corporate let (let back to the freeholder: a serviced apartment operator) at a rent of £800 per calendar month until 31st July 2025, there are no arrears.

    Note

    Gross Yield 16%

    EPC Rating

    C

    Addendum

    We confirm there are no S20 notices and arrears. Service charges , ground rent , Insurance is up to date till Q2 , 2024 and Q3 will be deducted within this month .
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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.

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