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Property for sale

132 SEABANK ROAD, WALLASEY

Guide Price* £115,000

Property Description

Key features

  • FOR SALE BY PUBLIC AUCTION : Wednesday, 07 December 2016
  • LOT NUMBER : 26
  • RETAIL UNIT WITH 7 LETTING ROOMS PRODUCING A RENTAL INCOME OF 20,644 P.A. WHEN FULLY LET
  • Commercial Investment
  • Freehold
  • *GUIDE PRICE : 115,000 - 125,000

Full description

The property comprises a substantial three storey end of terrace building situated in an established retail parade in a prominent main road position.

It is close to the Promenade and within easy reach of New Brighton Seafront.

There is retail use to the ground floor with seven letting rooms above with a multiple occupation licence.

Tenancies
The shop is let at a rental of £3,900 per annum. The tenant is holding over under a lease beginning 11 April 2014.

Five of the seven rooms are currently let producing a rental income of £16,744 per annum.

When fully let there is a rental income of £27,404 per annum generating a yield of approximately 22%.

Viewing
By arrangement with the aucitoneers.

Listing History

Added on Rightmove:
23 August 2016

Nearest stations

  • New Brighton (0.5 mi)
  • Wallasey Grove Road (1.3 mi)
  • Wallasey Village (1.4 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Smith and Sons, Auctions

51-52 Hamilton Square, Birkenhead, CH41 5BN

0151 954 0538 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • New Brighton (0.5 mi)
  • Wallasey Grove Road (1.3 mi)
  • Wallasey Village (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Smith and Sons, Auctions

51-52 Hamilton Square, Birkenhead, CH41 5BN

0151 954 0538 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 2191. The information displayed about this property comprises a property advertisement. Rightmove.co.uk 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 Smith and Sons, Auctions. 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 Smith and Sons, Auctions on 0151 647 9272.


Map data OpenStreetMap contributors.