Lot 2 - 5 Granary Mill, Preston on the Hill, Warrington, Cheshire, WA4 4GA
- Unconditional Online Auction Sale
- Guide Price* : £120,000 plus
- Residential Investment
- Two Bedroom Apartment
- Private rear garden
- Great location
- Scope to increase the passing rent
ON BEHALF OF THE FIXED CHARGE RECEIVERS: Residential investment comprising a two bedroom apartment sold with a tenant in situ paying a monthly rent of £695
Description
The property comprises a two bedroom ground floor flat. It is situated within a small and relatively modern gated development, which provides a residents car park and open gardens to the front of the block and the subject has if's own private rear garden with rural views at the rear, The scheme contains a mixture of apartments and mew houses. The property is sold with a tenant in situ paying a monthly rent of £695 on a statutory periodic monthly tenancy after expiry of a 6 month AST from 22nd May 2028. In our opinion there is scope to increase the rent and interested parties should rely on their own enquiries.
Location
Located in an edge of village location, with open fields and rural views to the rear and close to the canal. Road communication links are very good, with Junction 11 of the M56 motorway less than 0.5 mile to the north and Chester, Liverpool, Warrington and Manchester all within relatively easy commuting distance, with mainline train services accessible at Runcorn and Warington Bank Quay which are within 4 and 5 miles respectively.
Tenure
Leasehold for 999 years from 1 May 2002 at a ground rent of £150 per annum and service charge for the 12 month period from 1st April 2025 is £390.
Accommodation
The accommodation extends to 78 sq. m (840 sq. ft):
Ground Floor: Lounge, Kitchen/Dining Room, Two Bedrooms and Bathroom
Outside
Two allocated car parking spaces and private enclosed rear garden.
Tenancies
Tenant in situ paying a monthly rent of £695 on a statutory periodic monthly tenancy after expiry of a 6 month AST from 22nd May 2028.
EPC
Energy Asset Rating is C
Council Tax Band
D
Lease Start Date
01/05/2002
Lease Duration
999 years (976 years unexpired)
Annual Ground Rent
£150
Annual Service Charge
£390
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,700 (inc VAT) payable upon exchange of contracts.Additional Information
1. 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.
2. 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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