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1 bed Flat For Sale £100,000
Princes Dock, 1 William Jessop Way, Liverpool L3


Description
For sale by unconditional auction

in partnership with sdl Auctions

Full terms and conditions are available on the sdl Auctions website.

Belvoir are delighted to bring to the market this stunning one bedroom apartment in the stunning Princes Dock, William Jessop Way, located just off the Dock Road and only 10-minute walk in to the City Centre.

Princes Dock is a popular waterside development that is only a short distance to the array of local bars, shops and excellent restaurants that Liverpool City Centre has to offer.

The development benefits from a 24-hour concierge adding that extra level of security and peace of mind. The apartment itself is located on the third Floor and has a wealth of light in the apartment

Property

A spacious one bedroom apartment located on the 3rd floor comprises of hallway, a bright, large and roomy open plan lounge, dining area and kitchen with fully integrated appliances. Views out towards Beetham Tower and Radisson Blue Hotel and side window looks down The Strand towards the Liver Buildings. The property benefits from a double one bedroom, bathroom and storage cupboard for water heating and washing machine.

This property also benefits from an excellent energy performance score resulting in lower energy costs

Investment

Always a popular development and location with tenants, this is a perfect opportunity for investors. The current tenant has been in the property since November 2019 paying a monthly rent of £595 and keeping the property immaculate.

Additional Information

Tenure: Leasehold, Lease Start Date: 01/01/2019 (approx), Original Lease Term: 127 year(s), Lease Expiry Date: 31/12/2145 (approx) Lease Term Remaining: 124 year(s) (approx)

Service Charge: £1780 per annum
Ground Rent: £250 per annum

Disclaimer

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.

Auction Method:

The auction for this property will be conducted online through our online-bidding platform. This is a “Timed Auction”, so there are no other lots being sold alongside this property.

The timeslot for the auction is displayed on sdl Auctions’ website. To view this, search for the property on their website. Then click onto the property to view the property details. The time remaining to bid and end date of the auction is displayed on the page.

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 sdl Auctions’ Buyers Terms (England & Wales) which are available on sdl Auctions website.

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 20 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.

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 bid, you will be prompted to provide your payment details to sdl Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Buyer’s Fee & Deposit. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.

Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:


  • Buyer’s Fee of £7,200- 4.8% of guide price
  • Deposit of £7,500- 5% of the guide price


As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:


  • £960 for Buyer’s Fee shortfall (£8160 due as 4.8% of actual purchase price)
  • £1,000 for Deposit shortfall (£8500 due as 5% of actual purchase price)


Legal Pack

Before bidding, you must view the legal pack for the property. 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.

To view the legal pack, first search for the property on sdl Auctions’ website and click onto the property to view the property details. There will be a sub-heading “Legal Documents”. Underneath this, you will be prompted to “Log in to view the legal documents”. Follow this link, 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 the auction starts 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 bidding.

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 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.

Registration Process:

To register to bid on the property, search for the lot on sdl Auctions website. Click onto the property, follow the link to “Log in/register to bid”, and you will then be directed to create an account with the online-bidding platform provider, eig.

EPC rating: B.

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