6 bed property for sale

Leighton Hall, Leighton Street PR1

Being Sold via Secure Sale online bidding. Terms & Conditions apply*. Starting Bid £90,000

A great opportunity to invest in the ever-expanding uclan student market. Close to a plethora of bars, restaurants and other leisure amenities, this six bedroom cluster of ensuite apartments offers a great way to enter this market for the buy-to-let investor.

Leighton Halls is a perfect location for students seeking a vibrant City centre location, with secure student only accommodation. This well-maintained study/studio apartment has all the things a student requires as a base and offers a communal area for cooking/dining and TV viewing. Study, sleep and wash in your own private area.

Further shared facilities include a laundry room, cinema room and games room (pool tables etc).

These ensuite apartments, which can only be rented to students, are all managed by an in-house letting agency.

Currently all rooms are occupied on a 39 week agreement generating £26,200 per annum in rent which represents a 10% net yield (service charges and other costs are approximately £16,000 per annum)

*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'.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

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 Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

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.

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.

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 of 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 your 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.

EPC Rating: C