About this property

Addendum To Printed Catalogue

The tenant is currently in the process of completing a refit.We understand the business will re open and continue trading from Thursday 16 April.
This lot has been postponed from the auction.


Mixed Use Investment comprising tenanted hot food takeaway plus a four bedroom and a five bedroom flat, both let to students.

Approximate current gross annualized income £45,243. Potential to £49,000 per annum.

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 occupies a prominent site to the corner of Smithdown Road and Rossett Avenue conveniently placed for local shops, bars, bus routes and the local Asda and Aldi Supermarkets. In the heart of a busy and vibrant student area with good access to town and universities.

Ground Floor & Basement

Hot Food Takeaway, Seating Area, Preparation Area, WC's (113.85 sq.m / 1,225.51 sq.ft GIA).

Rear entrance to the second floor flat.

Part Ground and First Floor Flat 1

Entrance Hall, Living Room with Dining Area and Fitted Kitchen (Units, Built in Oven, Dishwasher and Washing Machine), 5 Bedrooms, Shower Room/WC, Bathroom/WC. Currently let to five students at £79 per week per student for 52 weeks. Total rent £20,540 per annum.

Second Floor Flat 1A

Entrance Hall, Living Room, Fitted Kitchen (Built in Oven, Washing Machine and Dishwasher), 4 Bedrooms, Shower Room/WC, Bathroom/WC. Currently let to three students at £83 per week per student for 47 weeks. Total rent £11,703 per annum.

Both flats benefit from double glazing and gas fired central heating.

Outside

Rear Yard.

Note

Note - The landlord pays building insurance plus a fixed allowance towards some utility costs for the first floor flat.The flats are separately metered and have central heating.

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

172 Smithdown Road/1 & 1a Rossett Avenue, Liverpool

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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

You will also pay a Buyers Administration Charge, to the auctioneers of 1.35%+VAT of the purchase price subject to a minimum fee of £1,800 + VAT (unless otherwise stated in the property description in the catalogue or addendum).

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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