For Sale by Online Auction 8th December 2021
WHY BUY?
Current income £10,200
5 year lease with 4 years remaining
Ground floor retail
2 Bedroom flat to the upper floors
Ideal high yield rental investment
DESCRIPTION
This 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.
LOCATION
Fronting 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, wc
First floor: Large living room, bathroom, kitchen/diner
Second floor: 2 x double bedrooms
Outside: 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.