Property Details - 64b Jubilee Court, 129 Flyde Road, Preston

Photo of 64b Jubilee Court, 129 Flyde Road, Preston

Guide Price: *£20,000

Lot 8

This top floor ensuite student room forms part of a student accommodation complex off Fylde Road within walking distance of the University of Lancashire. The area is to the North West of the centre of Preston with shopping facilities and main line rail services. We understand the flat has a spacious room with a communal kitchen and lounge area. This apartment can only be rented to a student and we understand is currently achieving £95 per week when occupied. The seller informs us that the unit is currently held within a pool letting arrangement (so benefits from income when not let but quid pro quo has to share income with other unlet units in the reverse situation). Any buyer would be able to choose whether to continue in the pool or to let separately. This lot will be of interest to investment buyers.

ACCOMMODATION

Student Room with Ensuite

TENURE

Leasehold. 250 years from 21st September 2016, thus approximately 242 years unexpired.
Ground Rent £582.48 pa

LOCAL AUTHORITY & TAX RATING

Preston City Council
Council Tax Band A
EPC Band C

VIEWING TIMES

By appointment through the Auctioneers

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Price Information

*Guides 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. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

Buyers Premium of £600 inclusive of VAT
Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
Stamp Duty - rates easily available on-line
Your solicitor fees and any survey fees
Insurance - it is your responsibility from the date of exchange to insure the property purchased.

64b Jubilee Court, 129 Flyde Road, Preston