A large two bedroom apartment arranged over ground and lower ground floor and finished to a high standard. The property is currently used for short-term rental and is occupied until the end of February 2021 at a rent of £70 per night.

Location

The property is located on Bairstow Street, which is accessed off Avenham Lane, a short distance from Winkley Square, Avenham Park and Preston City Centre.

Accommodation

Ground Floor:	Entrance Hall, Open Plan Kitchen-Dining-Living Room
Lower Ground Floor:	2 Bedrooms (one en-suite), Bathroom

Tenure

The property is held by way of a 125 year lease from 1 January 2006.

Tenancy

The property is currently used as a serviced apartment and let on a short-term rental basis at £70 per night. The current occupier is due to vacate at the end of February 2021.

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 23RD FEBRUARY AND CLOSES ON WEDNESDAY 24TH FEBRUARY.

3. The property is entered in the 2017 Rating List as "Self Catering Holiday Unit & Premises" with a Rateable Value of £1,750.

4. Energy Performance Certificate = D.

5. The seller also owns the freehold to the building which currently produces ground rent receipts of £100 per apartment per annum (£400 per annum combined). Section 5A notices have been issued to leaseholder, which expire on 29 March 2021. The freehold to the building may also be available to purchase separately, post auction, at a figure of £6,000.

Addendum

The Council Tax assessment has been deleted and changed to a Business Rates assessment. Further information is provided in the General section. The property is held by way of a 125 year lease from 1 January 2006.