£40,000 /Sale price

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £40,000At the heart of UCLAN student life, Canterbury Halls is Preston's newest development offering the very best in quality accommodation for students at the University of Central Lancashire. Located just minutes away from the main University campus and the Students' Union bar, Canterbury Halls truly is at the heart of student life in Preston.This student apartment has a Study bedroom with own Kitchen and shower room.Income: £150.38 per week on a 48 week tenancy. total gross income per annum is £7,218.24This is a contemporary studio apartment in a block built a few years ago with access to all communal facilities:- Reception/Atrium with tea/coffee- Communal cinema room- Resident- only Gym- Garden area- Rooftop terrace-Seating, views, entertaining- Concierge service desk- Smart laundry service- Cycle store- CCTV All rooms feature a double bed, Smart TV, Fitted wardrobe/drawers/study desk, dining table and chairs and includes internet.The apartment MUST be rented to a STUDENT.Leasehold Term : 125 years Annual ground rent - £275 per annum.Service charge for last academic year - was 25% of the rental income, which was £1,870.25Management charge for previous academic year was £476.40 Viewing is highly recommended to appreciate the property.Viewing is highly recommended to appreciate the property.Auctioneers Additional CommentsPattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.This auction lot is being sold either under 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 Marketing Agents or via The Auctioneers website.Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.The property is being sold via a transparent online auction. 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 of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.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.Auctioneers Additional CommentsIn 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 equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. 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 necessary or beneficial to the customer to pass their 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.Tenure: Leasehold