A leasehold investment two bedroom property located in Preston. The property has an open plan kitchen/lounge, two bedrooms and two bathrooms, one being an en-suite. The tenant in si-tu is currently paying £700 pcm (please refer to legal pack) Lease Length: 105 years remaining approx (please refer to legal pack) Service Charge: £356.16 pcm approx (please refer to legal pack) Ground Rent: £26.41 pcm approx (please refer to legal pack) Preston offers a blend of urban convenience and natural beauty. The city is rich in history, with landmarks like Avenham Park and the Harris Museum. It has a vibrant student population thanks to the University of Central Lancashire. Residents enjoy easy access to the nearby countryside and the Lake District. Preston boasts excellent transport links, making it ideal for commuters, and its diverse community and growing economy contribute to a welcoming, dynamic atmosphere. Auctioneers Note The deposit for exchange of contracts on this property is 10% subject to a minimum of £10,000. The completion period for this property is 42 days. Starting Bid and Reserve Price *The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price. Reserve prices are subject to change up to the date of the auction. Please note that’s Lots may be withdrawn prior to the end of auction. Disclaimer These particulars, whilst believed to be accurate based on information from the seller and photographic evidence, are set out as a general outline only for guidance and do not constitute any part of an offer or contract. We have not physically inspected the property, therefore intending purchasers should not solely rely on these details as statements of fact, but must satisfy themselves by personal inspection or other means to verify the information provided. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. If the property is occupied during the auction but to be sold with vacant possession, we take no responsibility if the property is not vacated on or before completion.