Spencers

Apartment 102, 7 The Strand, Liverpool, Merseyside, L2 0PP

  • Unconditional Online Auction Sale
  • Guide Price * : £85,000 Plus fees

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For sale by Unconditional Online Auction.
On behalf of Sutton Kersh - HQ

  • First Floor Studio Apartment
  • City Centre Location
  • Spacious Open Plan Living
  • Modern Fitted Bathroom
  • Intercom system and secure fob entry
  • EPC Rating: C

Property Description

For sale by Unconditional Online Auction.
On behalf of Sutton Kersh - HQ

Studio Apartment

First floor modern city centre studio apartment just minutes from the Three Graces and within walking distance to the Albert Dock and Liverpools waterfront, Liverpool One, transport links such as train station, bus station and ferry terminal and all city centre amenities

The property benefits from double glazing, electric heating, intercom system and secure fob entry

The property benefits from a Hall, Open Plan Living Area/Bedroom/Kitchen and a Bathroom/WC

Sold with a tenant in situ – generating £500pcm for further details, please see legal pack

Note: We have been notified by the seller that they are currently arranging a new tenancy for the property, and therefore the occupancy may be subject to change. Please enquire for further details.

Note: We have been notified by the seller that they are currently arranging a new tenancy for the property, and therefore the occupancy may be subject to change. Please enquire for further details.

Tenure: Leasehold


Length of lease: The term is until 31/12/2140.
Current ground rent: TBC
Ground rent review period: TBC
Current service charge: TBC
Service charge review period: TBC

This information should be clarified in the legal pack and we’ll update the information above when we receive it.

EPC Rating: C

Terms:

Auction Method: 
The sale of this property will be conducted online. This is a “Buy-It-Now” lot, so there are no other lots being sold alongside this property. 
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed. 
When you place your bid, you are deemed to have agreed to the Buyers Terms (England & Wales). 
Auction type- Unconditional with Variable Fee 
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 15 business days unless the Special Conditions of Sale contained within the legal pack state otherwise. 
Auction Fees 
The following non-refundable fees apply: 
Buyer’s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either: 
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000 
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000 
The Buyer’s Fee is subject always to a minimum of £6,000 (including VAT). 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 listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us.  SDL Property Auctions has limited control over the content of the Special Conditions of Sale.  
Deposit 
On exchange of contracts, you must pay a non-refundable deposit equal to 5% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
Payment Method: 
When you register to buy the property, you will be prompted to provide your payment details. Once your registration has been processed, your card will automatically be charged the value of the applicable auction fee and deposit.
Legal Pack 
Before placing your bid, you must view the legal pack. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.  
The Legal Pack can be viewed under the sub-heading “Legal Documents”. Underneath this, you will be prompted to “log in to view the legal documents”.  Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.     
The legal pack can change at any time up until you place your bid, so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale. 
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before placing your bid. 
Special Conditions of Sale 
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.  
Energy Performance Certificate 
The EPC for this property can be viewed by logging in to view the legal documents for the property.  Go to the “Legal Documents” area. Underneath this, you will be prompted to “log in to view the legal documents”.  Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.   
Registration Process:  
To register to bid on the property, please follow the link to “Log in/Register to Bid”. You will then be directed to create an account with the online-bidding platform provider, EIG.  
Disclaimer: In some exceptional circumstances there may be a delay in processing your registration. If this delay results in another person placing a successful offer, SDL Property Auctions are not liable to you for any loss of opportunity.
Available Price
The property is available to purchase immediately at the price listed on the lot.


Joint Agent

Sutton Kersh



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