Flat 306 19-23 Stanley Street, Liverpool, Merseyside, L1 6AA
- Conditional Online Auction Sale
GO TO AUCITONS ARE PLEASED TO PRESENT TO THE MARKET THIS PURPOSE-BUILT STUDENT APARTMENT IN LIVERPOOL - L1
Tenure
Leasehold
Description
The Property
**PLEASE NOTE!**
Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!
This cash investment opportunity in Liverpool offers an impressive return. Stanley Court is located in a lively area of the city centre, with easy access to shops, bars and restaurants, including the nearby Liverpool ONE shopping centre. This development is perfect for student life in Liverpool, so it is no surprise that the development sees market-leading tenancy rates every academic year.
All the apartments include their own kitchen, bathroom and study area - ideal for tenants looking for their own living space, free from distractions. Residents can also enjoy access to the building's great communal facilities, including an onsite gym and games room. Also benefits for being 1 of only 4 apartment that face the front of the building which include full height and width window letting an abundance of natural light in.
Liverpool is one of the busiest student cities in the UK, boasting a 70,000-strong student population which fuels the demand for purpose-built accommodation. Many of these students cannot be housed in campus accommodation and as such, developments like Stanley Court are in high demand. This development is let and managed by the award-winning and experienced Xenia Lettings which means your investment is in safe hands. Tenanted for immediate income from day one of the investment, this is not an opportunity to be overlooked!
Investors will not find many better located developments than Stanley Court – this is an opportunity not to be missed.
GENERAL INFORMATION
Current Rent Per Week: £142.50
Current Contract Value: £6270.00
Management Fee: 11% + VAT
Property ownership information
Ground rent review period: No review period
Service charge review period: No review period
Lease end date: 16/11/2265
Disclaimer for virtual viewings
Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.
EPC Rating
58
Opening Bid and Reserve Price
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.
Comments
This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.
If the vendor accepts an offer, the buyer will be required to make payment of a non-refundable reservation fee of £6,600 including VAT and a legal pack charge of £372 including VAT. This reserves the property for the buyer during the Reservation Period. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium is in addition to the final selling price and is considered within calculations for Stamp Duty Land Tax.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
Buyer's Administration Charge
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay the fee specified above towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
- You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
- Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.
Energy Performance Certificate (EPCs)
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.
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