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2 North House, Eastbank Street, SOUTHPORT, Merseyside, PR8 1DS

27th July 2022
starts 09:30 AM at Grand Connaught Rooms
last bid was £45,000, available for *
£48,000
Lease: Held on a lease for a term of 125 years (less 10 days) from 1st May 2001 at a ground rent of £100 per annum
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The negotiator dealing with this Lot is Thomas Mason and he can be contacted by email: thomas.mason@barnardmarcus.co.uk
THERE IS AN ANNOUNCEMENT RELATING TO THIS LOT (AS BELOW) THIS HAS ALSO BEEN ADDED TO THE LEGAL PACK.

IF YOU ARE BIDDING YOU ARE DEEMED TO HAVE KNOWLEDGE OF THIS ANNOUNCEMENT TOGETHER WITH ALL OTHER LEGAL DOCUMENTS AND SPECIAL CONDITIONS OF SALE.

Announcement
Please see the “ANNOUNCEMENT” on the Legal Docs.
The property is being sold with a tenant in situ. It is understood that the tenant has stopped paying rent
which is currently in arrears, Sefton Council are currently reviewing the rent payable, our client is trying
to obtain further information from the contact at Sefton Council.


Leasehold second floor self contained flat
Investment

Location:
The property is situated off Eastbank Street between its junctions with King Street and Queen Anne Street. Public transport links are well provided with Southport Railway Station within close proximity together with a network of local bus services serving the surrounding vicinity. Shopping amenities can be found locally with a good range of shops, bars and restaurants within Southport. Further shopping amenities can be located in Liverpool City Centre to the south. Local recreational pursuits include Princes Park.

Accommodation:
Two bedrooms, reception room, kitchen, bathroom/WC

EPC rating: C

Council Tax Band: B

Tenancy:
Let on a tenancy at a rent of £550 per calendar month

Rent reserved:
£6,000 per annum

Lease:
Held on a lease for a term of 125 years (less 10 days) from 1st May 2001 at a ground rent of £100 per annum













Important Notice:
For each Lot, a contract documentation fee of £1,250 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.

Lot location is based upon nearest property postcode only. Actual location of property being sold may differ.

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lot infomation last updated: 28th July 2022 at 10:07 AM

what's next?

Before making an offer or attending the auction to bid, we recommend that you visit the property, check all of the contents of the legal pack and where appropriate ask your solicitor to check this too. You also need to ensure you have means to pay the deposit, our contract documentation charge and have the funds available to meet the full purchase cost on completion. For more information please read our buyers guide.
1
arrange a viewing
We arrange open house viewings on many lots or have arranged for local agents to hold keys. Some viewings may be external only and properties with tenants may not be available to view internally.
2
check or show your lawyer the legal pack/s
Click the "Legal Docs" button at the top of this page to download the legal pack for this lot. If the pack is not yet available just save the Lot to “my lots” and we will contact you as information becomes available or gets updated.  Please also review the general conditions of sale which are applicable to every lot.
3
arrange the needed funds
Ensure you have means to pay the deposit, our contract documentation charge and have the funds available to meet the full purchase cost on completion. Click here to visit service providers that may be able to help you.
4
schedule the auction in the diary
Add the auction to your online calendar or diary. When attending in person, be sure to arrive in good time in order to register. We suggest you arrive around one hour prior to the lot being offered.
5
register to bid or arrange a telephone/proxy bid
You can bid by attending the auction in person. Get started and Pre-register today.
You can also register to bid by telephone or instruct us to bid for you by proxy by completing this form