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Commercial Property for sale

High Street, Runcorn

Withdrawn from Market £128,000

Property Description

Key features

  • Occupied Retail Unit
  • 1 Bed & 2 Bed Flat
  • For Sale by Auction ? T & C's apply
  • Subject to an undisclosed Reserve Price
  • Reservation Fee applicable
  • The Modern Method of Auction

Full description

**FULLY TENANTED INVESTMENT OPPORTUNITY**For sale by Modern Method of Auction; Starting Bid Price £128,000 plus Reservation Fee is this part residential, part commercial property, in brief comprising a large retail unit to the ground floor, a one bedroom flat to the first floor, and a two bedroom flat to the second floor. At present the retail unit and two bedroom flat are both fully occupied, with the landlord currently seeking a new tenant for the one bedroom flat. The whole property was fully renovated around 8 years ago and has been extremely well maintained since. This property is for sale by the North West Property Auction powered by iam-sold Ltd. Current Rental yield is 15,780 pound per year

Two Bedroom Flat 
Split across the higher floors of this quirky old victorian coffee warehouse is the two bedroom multiplex apartment. Also refurbished in 2008 and with all of the modern features of the other. However with the bigger square footage this one comes with the benefit of more spacious accommodation and an extra bedroom. This apartment currently has a tenant in situe paying £390PCM.

Agents Note 
This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies...

Retail Unit 
The whole ground floor consists of a recently refurbished large retail unit of approximately 900sqft. The current tenants have been running a successful thai-massage business for the past couple of years. The space briefly includes: shop front, hallway with access to all treatment rooms, kitchen and disabled W.C. The current occupants are paying a a monthly rental of £550PCM.

One Bedroom Flat 
To the first floor is a spacious one bedroom flat that was also refurbished in 2008 and boasts high ceilings, modern central heating system and electrics, and stylish kitchen and shower room. This flat has been achieving a monthly rental on £380PCM until very recently when the tenant vacated.

More information from this agent

Map & Street View

Disclaimer - Property reference 4892570. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Adams , Runcorn. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Adams , Runcorn on 01928 574401.

Map data OpenStreetMap contributors.