Online Auction 15th August 2023Six Self-Contained Flats – Part Let - Producing £23,100 PA – potential To Increase to c £43,800 paDescription Not all inspected by Auction House, understood to comprise six self-contained apartments within a modern purpose built block. Accommodation Each apartment provides the following accommodation: Entrance hall, lounge/kitchen, one/two bedrooms and one bathroom. We are informed that apartments 1, 3, 16, 17, 20, each provide two bedrooms, while apartment 15 provides one bedroom. The property also benefits from communal gardens and allocated parking. We have taken the Total Floor Area from the Energy Performance Certificate (EPC) as follows: Flat 1 - 60 sq m (646 sq ft) Flat 3 - 61 sq m (657 sq ft) Flat 15 - 43 sq m (495 sq ft) Flat 16- 61 sq m (657 sq ft) Flat 17 - 62 sq m (667 sq ft) Flat 20 - 62 sq m (667 sq ft) Total Floor area: 349 sq m (3,757 sq ft) Location Situated in Runcorn, with views over the River Mersey. Local amenities including shops, restaurants and schools are located in close proximity. Runcorn Railway Station is located approximately 0.5 miles from the property. Tenancy Flat 1 - Occupied - £450 PCM / £5,400 PA Flat 3 – Occupied - £450 PCM / £5,400 PA Flat 15 – Vacant. Flat 16 – Occupied - £550 PCM / £6,600 PA Flat 17 – Vacant. Flat 20 – Occupied - £475 PCM / £5,700 PA. Total Current Rental – £1,925 pcm / £23,100 pa Evidence suggests that the rental tone in the block is c£625 pcm for 2 bed and c£525 pcm for 1 bed apartments. Based on this the potential rental income could be increased to c £3,650 pcm / £43,800 pa Tenure: Leasehold Title number: various Length of Lease/Term: 250 years from 1st January 2005 Ground Rent: £100 pa (per flat) Service Charge: £1,308.72 pa (per flat) Council Tax Band: Flats 1, 3, 16, 17& 20 = B / Flat 15 = A Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/ ANTI-MONEY LAUNDERING REGULA
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