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COMMERCIAL

Rockvilla Hotel, 329 Old Chester Road, Birkenhead, Merseyside

Guide Price
£265,000
Sutton Kersh Auction, Liverpool - Auction
PROPERTY TYPE

Commercial Property

BEDROOMS

6

SIZE

Ask agent

Key features

  • Sutton Kersh Are Pleased To Offer For Sale By Public Auction On : Thursday, 24 October 2024 at
  • Virtual Livestream Online Auction
  • Lot Number : 17
  • Commercial Investment
  • Freehold
  • £265,000 +

Description

A redevelopment opportunity comprising of a ground floor public House currently let by way of a 5 year lease from 2022 producing a rental income of £18,000 per annum. To the upper floors the property benefits from full planning permission to convert and extend to the rear and alterations to convert the loft to provide 6 x 1 bedroomed self contained apartments.

The ground floor is currently let by way of a 5 year lease from 2022 at a rental income of £1,500 pcm (£18,000 per annum). We are advised that the ground floor has recently been renovated to a high standard by the tenant.

Once the works have been completed, the potential rental income from 6 x 1 bedroomed self contained apartments would be approximately £39,600 per annum or alternatively they could be sold off separately. The total rental income once fully let would be approximately £58,000 per annum.

Plans are available for inspection

Planning ref: APP/22/00434

Situated
Fronting Old Chester Road close to its junction with Bedford Road in a popular location close to local amenities, schooling, Victoria Park and approximately 1.5 miles from Birkenhead Town Centre and Queensway Tunnel linking to Liverpool City Centre.

Cellar
Not inspected.

Ground Floor
Public House

First Floor
Various Rooms.

Outside
Yard to the Rear.

EPC Rating
C.

GET READY TO BID BY VISITING THE AUCTIONEERS WEBSITE

GUIDE PRICES & RESERVE PRICES

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Rockvilla Hotel, 329 Old Chester Road, Birkenhead, Merseyside

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Rock Ferry Station0.2 miles
  • Green Lane Station0.8 miles
  • Bebington Station1.1 miles

About Sutton Kersh Auction, Liverpool - Auction

2 Cotton Street, Liverpool, L3 7DY

The benefits of selling through Sutton Kersh Auctions:

FREE, accurate, no obligation market appraisal

28 day completion

No price ceiling

Intensive marketing

Exposure to 30000+ investors across UK

Professional & honest service

Sutton Kersh Auctions is Merseyside's most successful auction house. In 2016 we sold more properties than all of our local competitors combined, maintaining our position as market leader for the 11th consecutive year. Auction is the fastest way to buy and sell property. The whole process, from instruction through to completion can take as few as 8 weeks. Sutton Kersh holds 7 auctions a year at the Liverpool City Centre Crowne Plaza Hotel.

We are part of Countrywide Property Auctions, one of the UK's leading property auction houses selling residential, commercial, industrial, agricultural properties and land by auction across the UK.

In 2016, Countrywide sold £95.4m worth of property on behalf of national and local clients. Our clients include many of the major UK banks and building societies, along with local authorities, housing associations and other public sector entities. We also work with hundreds of local property investors either as sellers or potential buyers. Some high profile disposals include all four Beatles' childhood homes in Liverpool.

Countrywide hold 24 auctions per year across 4 geographical regions: North West, Yorkshire, South Wales and Devon/Cornwall, and all trade under locally recognised brands (Sutton Kersh, Blundells, John Francis and Countrywide respectively).

Whether you have one property or a portfolio of properties we can help. For every auction we initiate an intense marketing strategy covering print and digital media to ensure maximum exposure to the marketplace and increase your chances of finding a buyer. Over 30,000 investors from the UK and abroad subscribe to our catalogue mailing list, and our website receives over 400,000 page views and 20,000 unique visitors, on average, every month.

We attribute our success at auction to accurate valuations, effective marketing and a proactive sales team. As a multi-discipline firm, we have access to a pool of experts with specialist knowledge on residential and commercial property, lettings and management, surveys and valuations, and mortgages, allowing us to provide clients with comprehensive, reliable advice.

The types of property we deem suitable for auction include:

Residential properties (vacant or tenanted);

Commercial properties (vacant or tenanted);

Chain free properties

Redevelopment opportunities;

Repossessions;

Probates;

Properties in need of refurbishment and / or modernisation;

Land (with or without planning permission);

Properties with quirky appeal or that are difficult to value

For a FREE, no obligation professional market appraisal, call 0151 207 6315 or e-mail auctions@suttonkersh.co.uk

Find out when our next auction is. Visit www.suttonkersh.co.uk

HEAD OFFICE : 2 Cotton Street, Liverpool L3 7DY

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 20377. 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 Sutton Kersh Auction, Liverpool - Auction. 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.

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 Sutton Kersh Auction, Liverpool - Auction on 0151 207 6315.

*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.”

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