North West’s Largest Independent Estate Agent

Lot 2 - Wednesday 8th September 2021Freehold Greenbank Drive, Sefton Park, Liverpool, Merseyside, L17 1AN

AVAILABLE AT £5,000

Legal Pack


For Sale by Online Auction 8th September 2021

WHY BUY?
1 x Parking space included
Ground rent of £180.00pa
Potential management income
South Liverpool Address

DESRIPTION
This sale is for the freehold only and not the apartments. There are 4 x apartments in total in the building and all have been sold off on long 999 year leaseholds. There is a total annual ground rent income currently at £180.00pa from 3 of the apartments - there is no provision for ground rent from one apartment. There are also ground rent increases built into these 3 x leaseholds. There is 1 x parking space included with the freehold. There is provision for the freeholder to get 15% management service fee from the service charge provisions of the 3 x chargeable leaseholds, which are currently set at £1500pa, giving an additional annual income circa £675.00.

NB: The buyers fee for this property is at the reduced cost of £500 + Vat

AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of £500 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.

Stamp Duty Calculator

You will pay
£150
• This calculation assumes that you already own a property and that any purchase would result in you owning two or more properties

• if you complete before 31 March 2021, you may be exempt from paying Stamp Duty on the first £500,000 of your property value

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