The property comprises a two bedroom first floor flat currently tenanted at a monthly rent of £380 per month. The rent has not been increased for some time and our local Joint Agent's opinion is that there is potential to increase to circa £575 per month. The property has its own entrance and is within a detached block containing two units. The property benefits from double glazing and central heating (not-tested).
The property lies in a sought after residential area less than 0.5 mile from the town centre, with it's shops and amenities. Access to Grimshaw Lane is from Southport Lane (A570) and several bus routes to Ormskirk and Southport go past the property. Ormskirk is a historic market town that lies approximately 7 miles east of Southport and 12 miles north of Liverpool. Access to the motorway network is less than 3 miles to the south at Junction 3 of the M58.
Ground Floor: Entrance Hall and Stairs
First Floor: Landing, Lounge, Fitted Kitchen, Two Double Bedrooms and Bathroom
Shared driveway and garden and garage at rear.
The property is let on a statutory periodic monthly tenancy after expiry of an AST granted in 2008 at a monthly rent of £380.
The Energy Asset Rating is C
There will be a Buyer's Administration Fee of £2000 plus VAT payable upon exchange of contracts.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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