• End of terrace building arranged as three self-contained flats

• 1 x 1 bed flat, 2 x 2 bed flats

• Fully let, producing £15,840 per annum

• To be sold via Knight Frank Auctions on 20th March 2025 (will not be sold prior)

Property Description

On the instructions FRP Advisory as Joint Receivers of the property.

The property comprises a three-storey end of terrace building arranged as three self-contained flats, with one on each floor. It benefits from a yard/garden area at the rear.

Accommodation & Tenancies:

Ground floor (Flat 1): One bedroom flat (Lounge, kitchen, bedroom, bathroom). Let on an AST producing £400 pcm (£4,800 pa), holding over.

First floor (Flat 2): Two bedroom flat (Lounge/kitchen, two bedrooms, bathroom).Let on an AST producing £470 pcm (£5,640 pa), holding over.

Second floor (Flat 3): Two bedroom flat (Lounge/kitchen, two bedrooms, bathroom). Let on an AST producing £450 pcm (£5,400 pa), expiring 20/04/2025.

Note - internal photos are from Flats 2 and 3.

Open House Appointments:
Saturday 1st March: 12:00pm midday - 12:30pm
Please arrive at the start time.

Knight Frank have not inspected the property. The accommodation has been confirmed by the Joint Receivers. This property is being marketed for sale on behalf of Joint Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability.

Location

The property is situated on Borough Road which is a small cut through linking Wallasey with local shops on the A551/B5144. The majority of the properties in the area comprise of terraced housing, although Borough Road does contain a large number of individual retail shops. Within a short distance there is a Tesco Express and local schools are within half a mile distant. Car parking is available immediately to the front of the property.

Occupancy

Tenanted

Tenure

Freehold

EPC Rating

D

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully and take professional advice before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.