107 Stanley Court 19-23 Stanley Street, 19-23 Stanley Street, LIVERPOOL, Merseyside, L1 6AA

GOTO ONLINE AUCTIONS OFFER FOR SALE STUDIO APARTMENT IN LIVERPOOL, L1.

Description

Key features
Being Sold by GOTO Online Auction
Starting Bids from £35,000
Buy it now option available
Premium Studio Apartment
Currently Tenanted
Service Charge: £2,350 P.A.
Ground Rent: £250 P.A.
Perfect Investment
Large Communal AreaGym
Communal Lounge & Dining Area51 Week Contracts £140 Per Week

Property 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

Ground Rent: £295 Per Annum

Property ownership information

Tenure: Leasehold

Council tax band: A

Annual ground rent: No ground rent

Ground rent review period: No review period

Annual service charge: No service charge

Service charge review period: No review period

Lease end date: n/a

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.

Please call or visit Purplebricks Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been issued by the vendors solicitor. Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.

To book a viewing visit Purplebricks

General Information:
Auctioneer's Comments

This property is for sale by 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 complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer 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 sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £6,600 including VAT plus an administration charge of £354 including VAT, a total of £6,954. This secures the transaction and takes the property off the market.

The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.

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 £354.00 (including VAT) 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.

Key Features: Buy-it-Now option available

Being Sold by GOTO Online Auction

Buyer’s fees apply

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

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.