For Sale by Online Auction 7th April 2021
WHY BUY?
Current income £9,600pa
Ground floor retail unit
First floor 2 bedroom flat
Yield return over 13%
Ideal long term investment
DESCRIPTION
This is a mid-terrace property that provides part of a large retail unit to the ground floor and a two bedroom flat to the first floor. The retail unit has been knocked through to next door to make a larger convenience store and is currently let on a lease at £4,800pa. The two bedroom flat is currently let on an AST tenancy at £4,800pa. The total income is £9,600pa. Ideal as a rental investment with immediate yield returns in excess of 13%.
LOCATION
Fronting Hoylake Road on a busy parade of retail units and only 1 mile from Birkenhead Park and 2 miles from Birkenhead Town Centre.
ACCOMMODATION
No. 24 - Retail unit - Ground floor - Shop display area and storage
No. 24A - Flat - First floor - Kitchen, bathroom, living room, 2 x bedrooms
Outside - Yard to rear, on-street parking to front
AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1250 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.