Tenanted One Bed Apartment – Producing £850 pcm (£10,200 pa)

Modern fourth-floor apartment briefly comprising lounge, dining area, and fitted kitchen plus double bedroom and bathroom with bath and overhead shower, sink unit, and WC. The apartment is accessed via both stairs and a lift, with the apartment located on the fourth floor. The complex benefits from an on-site concierge providing added security and convenience for residents. There is exclusive use of a well-equipped communal gym, a fantastic perk for residents seeking a healthy lifestyle. Tenancy let to a private individual by way of AST until 16th September 2025 at a current rental of £850pcm, Facilities: Conveniently accessed via both stairs and a lift, with the apartment located on the fourth floor. The complex benefits from an on-site concierge providing added security and convenience for residents. There is exclusive use of a well-equipped communal gym, a fantastic perk for residents seeking a healthy lifestyle. The Exchange is ideally located on the fringe of Preston City Centre, providing access to its wide range of amenities, including shopping centres, restaurants, bars, and entertainment venues. The property also benefits from excellent transport links, with Preston Train Station and major roads. Tenure: Long leasehold Title number: LAN282301 Length of Lease/Term: 250 years from 22 November 2023 Ground Rent : £159.82 a Service Charge: £800.92 pa Council Tax Band : A Local Authority: Preston Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Leasehold.

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

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.

Energy Efficiency Rating (EPC)

Current Rating B

Local Authority

Preston City Council

Additional Fees

Administration Charge - 2.5% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.