About this property

Addendum To Printed Catalogue

The groud floor tenant has been signed up to a new 5 year lease until July 2020 at £200 pcm for the first 2 years and then £220pcm for the remaining 3 years.

The garage to the rear has also signed a new 5 year lease until March 2020 at £600 per annum.
The flat has been signed up to a new tenancy until 2017 at £4,200 per annum.


Tenanted mixed commercial and residential investment property incorporating a ground floor retail unit plus two self contained flats above with an approximate current annual income of £12,000.

The retail unit is currently let to Jeanette's Barber shop at a rental of £200 pcm (£2,400 per annum). The lease has expired and the tenant is currently holding over, however we are advised they wish to stay and will sign a new lease. Flat 1 is let at £350 pcm (£4,200 per annum). Flat 2 is let at £450 pcm (£5,400 per annum) until 17th November 2015.

The rents for the two flats are paid to the landlord by standing order.

Listed By

Sutton Kersh - Auctions
2 Cotton Street,
Liverpool,
L3 7DY

t. 0151 207 6315
f. 0151 207 6316
auctions@suttonkersh.co.uk

Full Description

Situated

The property has a frontage to Poulton Road and lies approximately one mile from the Kingsway Tunnel linking to Liverpool city centre.

Ground Floor

Retail Unit: 26.04 sq m (280 sq ft)
Rear Room: 13.8 sq m (148 sq ft)
WC.

Flat 1 - One bedroom flat.

First Floor

Flat 2 - Kitchen with fitted units, built in oven and hob, central heating boiler, shower/WC, bedroom, living room.

Second Floor

Attic bedroom

Outside

Yard and Garage to the rear. We are advised the garage is currently let on an informal basis as a storage unit at a rent of £50 per week.

GUIDE PRICES & RESERVE PRICES

Guide Price
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.

Reserve Price
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.

Photos
Map

179 Poulton Road, Wallasey, Merseyside

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* Guide Price

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.

* Reserve Price

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.

Buyer's Fee

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.

Legal Packs

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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