2 bedroom Flat for sale,

Victoria Street, Liverpool, Merseyside, L2

Should you view, offer or bid on the property, your information will be shared with the Auctioneer, IAmSold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with I AmSold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by I Am Sold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Communal Entrance

Secure door and stairs to all floors.

Living Room / Kitchen

14'11" x 14'3" (4.54m x 4.35m)

Modern fitted kitchen and open plan living.

Bedroom 1

15'4" x 8'6" (4.68m x 2.59m)

Bedroom 2

11'5" x 7'10" (3.47m x 2.38m)

Shower Room

Modern Three piece suite comprising of: Low level Wc, wash hand basin and walk in shower.

General Information

Service Charge £5100 per annum Ground Rent £350 per annum with a 5year review Lease From : 31 March 2016 to 6 March 2515EPC Grade - E Council Tax Band - BLease InfoThe Basic Rent is £350.00 per annum during the first five years and thereafter subject to review as hereinafter provided at Schedule C SCHEDULE CRent ReviewIn this Schedule the following definitions will have the following meanings:Index ” means the Retail Price Index published by the Office for National StatisticsBase Month: the month in which the Start Date fallsStart Rent : £350.00C.1 The Basic Rent hereby reserved shall on each of the Review Dates be the greater of the Basic Rent reserved for any year prior to the relevant Review Date and the Basic Rent adjusted by multiplying the Start Rent by the Index figure immediately prior to the Review Date and then dividing the product by the Index figure published immediately prior to the Base Month such that at no time shall the Basic Rent be reviewed to a figure which is lower than the Basic Rent reserved for any year prior to the Review Date in questionC.4 in the event of the Index ceasing to be published or if for any other reason it becomes impossible to apply it then the Landlord and the Tenant shall agree a suitable alternative Index for the purpose of this ClauseC.5 if the reference base used to compile the Index shall change at any time during the Lease the figure shown in the relevant Index after the change shall be the figure which would have been shown in the relevant Index if the reference base had not changedC.6 If on any of the Review Dates there shall be in force legislation which prevents restricts or modifies any revision or increase in the Rent pursuant to the provisions of this Lease or prohibits or restricts (as a result of the amount of the increased Rent that would otherwise be payable) the charging of any premium on an assignment or transfer of this Lease then the rent review shall proceed, but if as a result of the review the Rent would become equal to or exceed such sum (“the Rent Limit”) as would be contrary to the legislation mentioned above in particular to create a statutory prohibition or restriction on a premium capable of being charged on an assignment of the Lease then the Rent as reviewed shall be reduced to an amount of £1.00 (one pound) less than the Rent LimitC.7 After the date upon which such prevention restriction or modification is removed relaxed or modified (“the Removal Date”) the Landlord shall then be entitled to recover any resulting increase in the Rent with effect from the next 1st JanuaryC.8 Any dispute as to the provisions set out in this Schedule shall be determined in the same manner as provided for in Clause 6.4C.9 Time shall not be the essence for the purpose of this Schedule and if the revised Basic Rent has not been calculated by the Landlord and notified to the Tenant on or before the relevant Review Date, the Rent payable from that Review Date shall continue at the rate payable immediately before that Review Date. No later than five Working Days after the revised Basic Rent is notified by the Landlord to the Tenant, the Tenant shall pay:(a) the shortfall (if any) between the amount that it has paid for the period from the Review Date until the rent payment date following the date of notification of the revised Basic Rent and the amount that would have been payable had the revised Basic Rent been notified on or before that Review Date; and(b) interest at the rate set out at Clause 4.1.4 on that shortfall calculated on a daily basis if the revised Basic Rent had been notified on or before that Review Date and the date payment is received by the Landlord.

Agent Notes

To be able to purchase a property in the United Kingdom all agents have a legal requirement to conduct Identity checks on all customers involved in the transaction to fulfil their obligations under Anti Money Laundering regulations. We outsource this check to a third party and a charge will apply. Ask the branch for further details.