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Lot 16 - Wednesday 8th December 202115 & 15a Rake Lane, Wallasey, Merseyside, CH45 5DD

Guide Price £125,000 PLUS*

Legal Pack


For Sale by Online Auction 8th December 2021

WHY BUY?
Large Corner Plot Building
Commercial Unit
Longstanding Leaseholders
2 Bed Duplex Apartment
Garages
High Yield Opportunity

DESCRIPTION
A mixed-use investment opportunity across three floors in a much sought after location in Wallasey. The commercial space is used as a well established hairdressers with leaseholders of over 20 years.  The accommodation above has private access and comprises: lounge, double bedroom, kitchen, bathroom to the first floor, stairs leading to a further double bedroom on the second floor.  There is also the benefit of secured attached garages and the property comes with gas central heating and double glazing, The apartment has recently been Let to a tenant of an AST of £450pcm, bringing a combined current income of £9,768pa.  Following a rent review, there is scope to increase income in the region of £12,000pa.

LOCATION
This property is in a prime position within Wallasey, just of Liscard Road, leading into Wallasey shopping centre and Wallasey Village.  It is positioned within a quiet residential area but with good footfall and catchment for the commercial unit.  New Brighton Railway Station is 1 mile away along with local attractions, bars, restaurants and general amenities.  Liverpool City Centre is just 6 miles away.
 
ACCOMMODATION
Ground Floor Commercial Unit: Hairdresser salon, kitchenette, w.c.
First Floor: Lounge, double bedroom, kitchen, bathroom
2nd Floor: Double bedroom
Outside: On street parking, yard area and secured garages

TENURE
Freehold

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.


Stamp Duty Calculator

You will pay
£3,750
• This calculation assumes that you already own a property and that any purchase would result in you owning two or more properties

• if you complete before 31 March 2021, you may be exempt from paying Stamp Duty on the first £500,000 of your property value

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