A residential investment comprising a three bedroom end terraced house which is arranged over three floors plus basement and is in poor condition requiring a scheme of refurbishment. The property is currently let at a rent of £6,600 per annum and will appeal to an investor/developer.
The property is located fronting Orrell Lane (A566) where it becomes the railway bridge. Orrell Park railway station is just a short walk away and most local amenities can be found along Rice Lane (A59). Liverpool City Centre is approximately 6 miles to the south with excellent transport links provided into the City.
The property is held Freehold.
Basement: Not inspected
Ground Floor: Entrance Hall, Lounge, Dining Room, Kitchen and Utility
First Floor: Two Bedrooms and Bathroom
Attic Level: Third Bedroom
The property is let on an Assured Shorthold Tenancy agreement at a rent of £550pcm which is paid by Housing Benefit. The Receivers do not hold a full copy of the AST.
Energy Performance Asset Rating - E
There will be a Buyer's Administration Fee of £2,400 (inc VAT) payable upon exchange of contracts.
1. Completion will take place 14 days from the date of exchange.
2. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
3. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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