About this property

A Freehold detached purpose built block arranged as eight studio flats to the ground and first floor, together with a 2 further studio's to the second floor which have recently been converted and require finishing works.

There is land to the side with the potential to extend the property or potentially redevelop to provide residential accommodation, subject to any necessary consents.

Works have already been started to include double glazing throughout. The property is back to bear brick and suitable for a number of uses, subject to any necessary consents. Once completed into 10 studio apartments, the property has a potential rental income of approximately £52,000 per annum based on 1 bedroom LHA rates.

Planning ref: 15F/2683.

Listed By

Sutton Kersh - Auctions
2 Cotton Street,
Liverpool,
L3 7DY

t. 0151 207 6315
f. 0151 207 6316
auctions@suttonkersh.co.uk

Full Description

Location

The property is situated in the residential area of Fairfield approximately 2 miles from the shops and amenities of Liverpool city centre.

Ground Floor

Main Entrance Hallway
Studio's 1,2,3 and 4.

First Floor

Studio's 5,6,7 and 8.

Second Floor

Studio's 9 and 10

Outside

Communal Gardens, land with off road parking

GUIDE PRICES & RESERVE PRICES

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Photos
Map

56-74 Conwy Drive, Liverpool

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Dynamo

* Guide Price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve Price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Buyer's Fee

The successful purchaser will also be required to pay a Buyer's Administration charge of 1% of the purchase price subject to a minimum fee of £1,000 + VAT (£1,200 including VAT @ 20%) (unless stated otherwise within the property description in the catalogue) on each Lot.

Legal Packs

You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees)