Lot 34 - Wednesday 19th May 2021 -82-84 Linacre Road, Liverpool, Merseyside, L21 6NU

For Sale by Online Auction 19th May 2021





WHY BUY?



Large corner mixed-use property

Potential income £27,300pa

Retail tenant with 15yr lease

Scope to add value



DESCRIPTION

This is a large mixed-use corner property that is configured to provide a large double fronted retail unit to the ground floor and 4-5 self-contained flats to the upper floors. There is currently 1 x two bedroom flat, 2 x one bedroom flats and 2 x studio flats – one of which is only used as storage and requires bathroom & kitchen re-fitted. One of the flats is currently tenanted on an AST at £350pcm/£4200pa – if both one bedroom units were let at £350pcm, the studios at £300pcm and the two bedroom flat at £475pcm, then the total potential income would be £1,775pcm/£21,300pa. The retail unit is let to Sign Works who have been in situ for 29 years and have a new 15 year lease at £500pcm/£6,000pa. The total potential income is £27,300pa.



LOCATION

On the corner of Lily Road and Linacre Road. There are numerous shops, bars and amenities within close proximity including a large Home Bargain Store. Liverpool City Centre is 4 miles away. 





ACCOMMODATION



Retail unit: Double fronted and knocked through – rear office, kitchen, wc

Flat 1 – First floor – decommissioned – bedroom/living/kitchen/shower room

Flat 2 – First floor – bedroom, shower room, living room, kitchen

Flat 3 – Second floor – Kitchen, shower room, living room, internal partitioned bedroom

Flat 4 – Second floor – Shower room, living room, kitchen, bedroom

84A – First floor – kitchen, wc, bathroom, large living room

Second floor – 2 x bedrooms

Outside – Yard to rear, on-street parking to side





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.