Block of apartments for sale

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Block of apartments for sale

Apartment 1 - 36 Sefton Park Studios, 4 Croxteth Drive, Liverpool, Merseyside L17 3AD
£99,000

Our Summary

  • Online auction 11th - 12th March 2025
  • IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid
  • If you are the successful bidder, you are required to pay the deposit and auction fees immediately
  • You must not bid unless you wish to be bound by the common conditions of auction

Description

This is a freehold ground rent investment opportunity, comprising 35 studio flats within a period building overlooking Sefton Park in Liverpool. The leases are for 250 years from 2015-2017, with provisions for 5-yearly reviews in line with the Retail Price Index. The block sits on a 0.36-acre site, and a management company is in place to continue managing the property. The ground rents produce an annual income of £10,643.34 and are available for sale through an online auction taking place on March 11-12, 2025. Interested bidders can access a schedule of ground rents and lease terms through the legal pack, and finance options are available through Together Money. It's essential to note that buying at auction is a contractual commitment, and successful bidders must pay a deposit and auction fees immediately.
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