UNIT 303 City Point, Great Homer Street, Liverpool, L5 3LE
- Conditional Online Sale
- Offers in Excess of : £25,000
- Bedrooms: 1
GOTO GROUP PRESENTS THIS ONE-BEDROOM FLAT IN LIVERPOOL - L5
Tenure
Leasehold
Description
Presenting an exquisite studio apartment, this property offers a delightful living space complete with a comfortable double bed, a convenient working station, and a well-appointed three-piece bathroom. Situated on Great Homer Street in Liverpool, City Point combines modern design with spacious student accommodation. Its prime location provides easy access to the city center, with a leisurely 15-minute stroll to Liverpool John Moores University and a 20 to 30-minute walk for University of Liverpool students.
City Point features 159 exceptional bedspaces spread across six floors. Residents can enjoy a range of amenities, including a cycle store, a residents' gym, a laundry facility, and en-suite bathrooms. The property's proximity to Liverpool's city center and vibrant waterfront allows residents to immerse themselves in the city's rich offerings. From renowned museums that showcase the city's history to countless bars, restaurants, and shops, Liverpool is a city known for its vibrant culture and diverse entertainment options.
Liverpool's cultural significance is evident in landmarks such as Albert Dock, the Philharmonic, and Europe's oldest Chinatown, which have contributed to its recognition as a City of Culture in 2008. The city's appeal extends beyond tourism, as it serves as a major commercial hub with over 3,000 businesses and Liverpool ONE, the fifth largest retail center in the UK.
Please note that the displayed pictures are of a comparable unit, and actual images of the unit for sale will be available shortly. For a comprehensive financial breakdown, the gross rent is £5,559, with a ground rent of £300, service charge of £2,088, and lettings fees of £667. The net income amounts to £2,504, resulting in a gross yield of 15.44% and a net yield of 6.95%.
Property ownership information
Ground rent review period: No review period
Service charge review period: No review period
Leasehold Information: 250 years less 3 days from and including 1 January 2013
Lease end date: 28/12/2262
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
Current 82 / Potential 82
Comments
This property is offered for sale via the Reservation Fee Service which is a flexible and buyer friendly method of purchase. The purchaser will be given 90 working days in which to 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 Merchant may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Merchant 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 Merchant.
If the vendor accepts an offer, the buyer will be required to make payment of a non-refundable reservation fee of £3,540 including VAT and a legal pack charge of £396 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.
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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