House of Multiple Occupation
A former public house, now comprising a HMO and two, three bedroom flats.
The property is situated just half a mile outside of Preston Town Centre, on Aqueduct Steet. It is an ideal location in relation to the University of Central Lancashire and it is well placed for access to all necessary amenities and services.
There are a variety of supermarkets and shops in the area, a selection of gyms/leisure facilities and a number of pubs, bars and eateries. The property has previously operated as a pub but has been converted into residential accommodation with two, three-bedroom flats on the ground floor and a six bedroom HMO across the first floor.
Please be advised that key information regarding Water supply, Electricity supply, Sewerage arrangements, Heating supply, Broadband and Mobile Phone Coverage is currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
There is no access to the property and the details have been pulled from a valuation from 2017. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Freehold. See legal pack.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
