Flat for sale

Overview

The Property***CASH BUYERS ONLY!!!***GREAT INVESTMENT!!****** 8% YIELD!!******100% TENANCY RECORD!!***Purplebricks are proud to offer this student studio apartment in The Bridewell Building with an annual yield of 8%, with a rent guarantee until September 2022. This is a hands off investment, fully managed by a letting management. Comprising a double bedroom area and a 3 piece en-suite shower room. The property benefits from a communal lounge/kitchen area. The building has a 24 hour concierge service with well presented communal areas a secure post room and a fully equipped gym. With all three of the cities major universities within walking distance from The Bridewell. Liverpool John Moores is home to around 25,000 students and is only 5-10 minutes away, whilst the University of Liverpool and its 30,000 students can be reached in a further 5 minute walk.The excessive demand for more developments just like The Bridewell stems from the fact that these universities only provide a mere 16% of student beds in Liverpool. With more and more young people selecting Liverpool's great culture, history and nightlife for their higher education experience, this is leaving around 34,000 students without accommodation.Although this site is completed and already tenanted, it's reassuring to know that there is always going to be a strong and consistent supply of students to this property. In fact, it boasts a 100% occupancy track record which has been proven since opening. Out of the 6,000 student beds currently being built throughout the city, this one offers the lowest prices, best rental returns and an unrivalled location.Property DescriptionBeing Sold by GOTO Online AuctionsStarting Bids from: £53000Buy it now option availablePlease call or visit GOTO 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 GOTO Online Auctions.Other costs to consider: 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.General InformationThis 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 £5,400 including VAT plus an administration charge of £354 including VAT, a total of £5,754. 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.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.TenureThe property is leasehold with a term of 250 years from and including 1 September 2014. The vendor reliably informs us the service charge £1034 annually and ground rent is £250 annually. This is not payable until September 2022Disclaimer for virtual viewingsSome 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. For more details and to contact: https://realtyww.info/flats_liverpool-d196277/for-sale_i68621180

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