**Preston University Location** Investment Property**STUDIO** Shared Kitchen** En-suite Shower Room**University & City Center nearby** Minutes Walkaway from Local shops and amenities**Current Rent is £98 per week.Book appointment early**Immediate 'exchange of contracts' available via "secure sale"
Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £15,000
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.
At the heart of UCLAN student life, Jubilee Court is Preston's newest development offering the very best in quality accommodation for students at the University of Central Lancashire. Located just minutes away from the main University campus and the Students' Union bar, Jubilee Court truly is at the heart of student life in Preston.
The 1 bed en-suite apartment is finished to an excellent standard. Jubilee Court offers students an ideal environment for both study and social life.
This property would be excellent for investment purposes due to its location and is currently achieving £98 per person per week inclusive of bills.
This landmark building provides all the essentials including an on-site launderette, generous social spaces, bike storage and a courtyard area for socialising.
Jubilee Court has been designed to help students get as much as possible out of their time at university and for this reason we have taken care of the finer details of student accommodation for you.
From smart furnishings to handy dishwashers, three quarter sized beds to free Broadband Internet access, every apartment is sure to be kitted out with everything you need to feel right at home. With a dedicated on-site team and 24-hour security, you couldn't be in safer hands.
The apartment MUST be rented to a STUDENT.
Leasehold Term : 250 years commencing on 21 September 2016
Annual ground rent - £582.48 approx.
Service charge - £2579.27 approx.
Viewing is highly recommended to appreciate the property.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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