For Sale by Online Auction 19th May 2021
Mixed use property
Ground floor retail
3 x self-contained flats
Potential income circa £23,000pa
Close to Aintree Hospital
This is a large corner property that is configured to provide a ground floor retail unit and 3 x two bedroom self-contained flats. The shop is currently let on a 6 year lease at £500pcm/£6,000pa. there is scope to extend the shop into the Ground Floor Flat to create a large convenience, subject to the necessary permission. The flats are all vacant and have just undergone a scheme of improvement & decoration and are ready for immediate rental. If each flat was let at £475pcm/£5,700pa then the total income would be £17,100pa for the flats added with the £6,000 from the retail unit and the potential total income is circa £23,100pa.
On the corner of Longmoor Lane and First Avenue and only a 5 minute walk to Aintree Hospital and Fazakerley Rail Station. The area is very popular with medical staff working in the hospital. Liverpool City Centre is only 6 miles away.
Shop: Customer area, sales counter, storage
Flat 1: Ground floor - private side entrance - 2 x bedrooms, living room, bathroom, kitchen
Flat 2: First floor - 2 x bedrooms, living room, bathroom, kitchen
Flat 3: Second floor - 2 x bedrooms, living room, bathroom, kitchen - Large balcony/terrace
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.