1 bedroom property

Rooms

Location
The subject property is well located on Rice Lane, with excellent transport links across the city and close to Aintree Hospital.

Accommodation
The property consists of 2x one bedroom flats, and 1x three bedroom flat. All flats are self-contained, each with their own kitchen, bathroom, bedrooms and extra living space, along with storage. Flat 2 benefits from gas central heating, with Flats 1 and 3 having electric heating. The building has UPVC double glazed windows, and one of the flats is provided with its own separate entrance to the rear of the property.

Rental Income
We are advised that the flats are let at the below rents: Flat 1 (1 bed) - £500pcm Flat 2 (3 bed) - £650pcm Flat 3 (1 bed) - £550pcm This totals an annual income of £20,400. We are also advised that all tenants pay their own bills in addition to the rent. Please refer to the legal pack for full tenancy information.

Tenure
There are 2x titles to be included in the sale. Please refer to legal pack for full details. Freehold - title number MS680508 Long leasehold of 999 years from 25 March 1924 - title number MS85927.

Council Tax
Band A.

EPC
All available upon request. Flat 1 (Rating E) Flat 2 (Rating C) Flat 3 (Rating D)

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively. This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.