Lot 21 - Wednesday 7th July 2021 -477 Rice Lane, Liverpool, Merseyside, L9 8AP

For Sale by Online Auction 7th July 2021





WHY BUY?



Ground floor retail unit

3 x self contained flats

Current rental income £14,300pa

Busy parade of shops



DESCRIPTION

This is a deceptively large mid-terrace building that has been configured to provide a ground floor retail unit which is of an excellent standard and benefits from electric roller shutters, cellar, cctv and a kitchen and toilet to the rear. to the upper floors there are 3 x one bedroom self-contained flats. . The retail unit is currently let and trading as a beauticians at £110pw/£5,720pa. We are informed the tenants in the shop have handed in their Notice and will vacant the property in early August 2021.  We will not have access to the shop as the Sellers do not wish to disturb the tenants.  There are 3 x one bedroom self-contained flats which benefit from a separate entrance.  Two of the flats currently let to long standing tenants on AST agreements while one is currently vacant and could be changed to provide extra storage for the retail unit. The total current income is £14,300pa, but if the remaining flat is let at £75pw the total potential income would be £18,200pa. The shop and Flats al benefit from up-to-date Electrical Certificates and EPC's and the premises also has a fire alarm system.



LOCATION

Fronting Rice Lane in Walton Vale and close to a number of shops, bars and other amenities. Orrell Park Rail Station is only a few minutes walk away. Liverpool City Centre is only 4 Miles away. 



NB - Venmores have not carried out an internal inspection - We are very unlikely to get access to the property prior to the auction.





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.