Block of flats for sale

St Lukes Church, St. Lukes Place, Preston, Lancashire PR1

Interested parties should contact Knight Frank Auctions for further information.

Description
On the instructions of the mortgagee not in possession.

The Property comprises a Grade II Listed former Church, most recently arranged as multiple residential units let to students. Following an unintentional fire in 2019, a fire Prohibition Notice was served preventing occupation. Our client has previously been made aware that there may be prohibition order(s) affecting the property, however no details are held and interested parties are to make their own enquiries.

Knight Frank have not been able to inspect the property, therefore we cannot comment on the condition, accommodation or whether it is safe to access. From a 2020 valuation and to be used on a non-reliance basis, we understand the property was arranged as six one-bedroom apartments and four x studio apartments at ground floor level, with the first floor comprising a 13-bedroom student HMO. Total accommodation extended to approximately 633.8 sq m (6,822 sq ft).

The property occupies a site area of approximately 0.41 acres, which includes several parking spaces.

Access
No viewings. Interested parties are advised to view externally only.

This property is being marketed for sale on behalf of Joint Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability.

Location
The property is situated in a mixed commercial and residential area west of the city centre and benefits from excellent road links, with ample amenities close by. Preston rail station and uclan (Main Preston campus) is a short walk/commute.

Tenure
Freehold

The buyers fee is including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.

Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:

• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to 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.

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.