Addendum To Printed Catalogue – Lot 90 42-54 Broad Lane Liverpool L11 1AJ
1. 42 Broad Lane - The Shaw Trust rent steps up to £20,000 on 1/8/2012 and to £22,500 on 1/8/13 and not as stated in the catalogue.
2. 44 Broad Lane – Ashloch Ltd have offered to take a new lease as described in the auction pack and below.
A new 5 year lease back dated to 1st of April 2012
Rent £18,000 pa
A tenant break at year 2 and 3
Rent free 9 months (this can be spread over the first year)
A photographic schedule of condition to be agreed so that the new tenant is responsible for putting the premises in no better or worse condition than they are currently in.
Rents payable monthly in advance
Each side meet their own costs
Subject to Contract and Board approval.
N.B. – a) this has not been accepted by the Vendor and we understand that a potential purchaser would be able to continue negotiations.
b) Life and Style have offered a surrender of their lease however this has not been accepted
c) Ashloch have paid some rent £1384.00 on 29th March 2012 but some arrears remain outstanding as outlined in the legal pack.
3. 44a Broad Lane – Tenant should be Life & Style Retail Ltd, The premises have been sublet to AAH Subsidiaries and sub underlet to Caversham Finance Ltd and AAH Subsidiaries do not occupy this property.
4. The current passing rent is now £47,500pa
5. The buyer will on completion enter into a Deed of Assignment of the benefit of the arrears of rent as disclosed in the tenancy arrears schedule back to the seller.
A retail investment producing £77,500 per annum. The property is arranged on ground and two upper floors to provide six retail units on the ground floor and 3 flats on the first/second floors together with ancillary storage.
The site could be suitable for redevelopment subject to the necessary planning consents.
Sutton Kersh - Auctions
2 Cotton Street,
Liverpool,
L3 7DY
t. 0151 207 6315
f. 0151 207 6316
auctions@suttonkersh.co.uk
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An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
A successful purchaser will also be required to pay a Buyer’s Administration Charge of 1.2% of the purchase price subject to a minimum fee of £1,800 including VAT (unless stated otherwise within the property description in the catalogue) by debit card or bank transfer.
You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees)
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Sales: Sutton Kersh is a trading name of Countrywide Estate Agents Limited, Registered in England Number 00789476. Registered Office Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN.
Lettings: Sutton Kersh is a trading name of Countrywide Residential Lettings Limited, Registered Office Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN. Registered in England Number 02995024. Countrywide Residential Lettings Limited is a member of and covered by the ARLA Propertymark Client Money Protection Scheme. Countrywide Residential Lettings Limited is an agent and subsidiary of Countrywide Estate Agents Limited, Registered in England Number 00789476, Registered Office: Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN. Countrywide Estate Agents Limited is an appointed representative of Countrywide Principal Services Limited which is authorised and regulated by the Financial Conduct Authority FRN 301684. VAT number 500 2481 05.
