Auction House / North West
  • For Sale By Unconditional Online Auction
  • Guide Price* : £250,000
  • Auction Ended 15/08/2023
  • Lot 33

Apartments 1, 3, 15, 16, 17 & 20 Jessop House, Old Coach Road, Runcorn, Cheshire, WA7 1NL

FOR SALE VIA NATIONAL ONLINE AUCTION. REGISTER TO BID!

Description

Online Auction 15th August 2023

Six Self-Contained Flats – Part Let - Producing £23,100 PA – potential To Increase to c £43,800 pa

Description
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 REGULATIONS
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure: Leasehold

EPC Rating: Flats 1, 3 & 20 = C Flats 15, 16 & 17 = B

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Buyers Premium

1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Administration Charge

No fee applicable

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* Guide | £250,000
  • Unconditional (Immediate Exchange)

Call the team on 01772 772450 for more information

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Finance available on this property
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Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.