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10 bedroom block of apartments for sale

Holly Dene, Peatwood Avenue, Knowsley, Kirkby, Merseyside

Removed £1,500,000

Property Description

Key features

  • For sale by auction
  • Bloc of Apartments
  • Bedrooms: 10

Full description

Tenure: Leasehold

Lot 152 - This lot is for sale by auction as lot 152 on 15th December 2016.

Head Leasehold Unbroken Detached Block Comprising Forty-Four Self-Contained Flats

- 37 x Studios, 6 x One Bedroom and 1 x Three Bedroom
- Sixteen Flats recently Refurbished
- Significant Refurbishment of Communal Areas
- Potential to increase Number of Flats (subject to gaining necessary planning consents)
- Car Parking
- Total Current Gross Rent Reserved

£203,157.16 per annum (equivalent)

Head Lease. The property is held by way of a Head Lease for a term of 250 years from 1st July 2015 (thus leaving approximately 249 years unexpired) at a current ground rent of £16,100 per annum with a review every 10 years linked to RPI.

The property is located in Southdene, a residential suburb 1.9km (1.2 miles) south of Kirkby town centre, 10km (6 miles) north-east of Liverpool city centre and 50km (30 miles) west of Manchester city centre. Liverpool is in the North West of England and is the sixth largest city in the UK. Liverpool offers a large selection of services and amenities, including the Liverpool One Shopping Centre. The area benefits from direct connections to Liverpool city centre via the A580 and is within easy reach of Liverpool's motorway network. The M57 Motorway, which connects with the M6 (north and southbound) and the M62 (connecting Manchester and Leeds), is located within 1.1km (0.7 miles). Kirkby Rail Station, which provides regular direct access to Liverpool city centre, is 3.5km (2.2 miles) to the north. The area immediately surrounding the subject property is predominantly residential, comprising a mix of semi-detached and terrace housing. Kirkby, however, is a mixed used area benefitting from a wide range of shops, services and amenities including Kirkby Shopping Centre, David Lloyd Fitness Centre and Knowsley Industrial Park, which provides employment for a large number of local residents.

The property comprises an unbroken block of 44 self-contained flats, including a mix of 37 studios, 6 x one bedroom and 1 x three bedroom units within a site area extending to approximately 0.29 hectares (0.71 acres).The building is constructed over two and three storeys, and is a traditional brick structure set beneath a flat roof and benefits from UPVC double glazed windows. There are approximately 14 car parking spaces set within the grounds of the property.Internally, the building has been refurbished in part, including 16 flats and all communal areas. Although the remaining 28 flats have not recently been refurbished, they are in tenantable condition. All flats have electric storage heaters and benefit from individual utility meters.In addition to the existing living accommodation, there are two former communal function rooms, which extend to approximately 984 sq ft. These areas are not currently used but, subject to the necessary planning consent, could be developed into additional residential accommodation.

Accommodation and Tenancies
The property was not entirely inspected by Allsop. The information set out in the schedule of Accommodation and Tenancies opposite was provided by the Seller.

To View
Please Call Allsop.Tel 0113 243 7952 (Ref Jack Robson).

Seller's Solicitor
Messrs Howard Kennedy LLP (Ref Charles Maxwell).Tel 0207 663 8608.Email

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'TBA', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at Please check regularly for updates. Lots may be sold or withdrawn prior to auction.

Listing History

Added on Rightmove:
26 November 2016

Map & Street View

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Allsop , Auction on 0207 494 3686.

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