For Sale by Online Auction 20th October 2021WHY BUY?Current income £10,2005 year lease with 4 years remainingGround floor retail2 Bedroom flat to the upper floorsIdeal high yield rental investment DESCRIPTIONThis is a large mid-terrace property that has been configured to provide a ground floor retail unit and 2 bedroom flat to the upper floors. The entire building was let on a 5yr lease in 2020 for £850pcm/£10,200pa. There are 4 years unexpired. The shop is trading as a newsagents/local food store. Ideal as a high yield rental investment with returns in excess of 10% if purchased for £100,000. LOCATIONFronting Rocky Lane in Tuebrook on a busy parade of shops with high levels of footfall. Liverpool City Centre is only 2 miles away with direct buses from Rocky Lane.
ACCOMMODATION
Ground floor: Retail unit - sales counter, shelving/fridge/sales area, storage room, wcFirst floor: Large living room, bathroom, kitchen/dinerSecond floor: 2 x double bedroomsOutside: Yard to rear, Lock-up storage room with wc
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.
For Sale by Online Auction 20th October 2021
WHY BUY?
Current income £10,2005 year lease with 4 years remainingGround floor retail2 Bedroom flat to the upper floorsIdeal high yield rental investment DESCRIPTIONThis is a large mid-terrace property that has been configured to provide a ground floor retail unit and 2 bedroom flat to the upper floors. The entire building was let on a 5yr lease in 2020 for £850pcm/£10,200pa. There are 4 years unexpired. The shop is trading as a newsagents/local food store. Ideal as a high yield rental investment with returns in excess of 10% if purchased for £100,000. LOCATIONFronting Rocky Lane in Tuebrook on a busy parade of shops with high levels of footfall. Liverpool City Centre is only 2 miles away with direct buses from Rocky Lane.
ACCOMMODATION
Ground floor: Retail unit - sales counter, shelving/fridge/sales area, storage room, wcFirst floor: Large living room, bathroom, kitchen/dinerSecond floor: 2 x double bedroomsOutside: Yard to rear, Lock-up storage room with wc
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.