4-6 Liscard Way, Wallasey, Merseyside CH44 5TP

Online auction 12th - 13th November 2024

Substantial Investment & Development Property – Part Let to Betfred Producing £26,400 p.a.– Plus Vacant Former Bank and Part Complete Conversion of Upper Floors To 6 Flats.

Substantial three storey investment & development property, part Let to Betfred producing £26,400 p.a. Plus vacant former (HSBC) bank and part complete conversion of upper floors To 6 x 1 bed flats.

The vacant former bank extends to approximately 154m2 (1,662sq ft) and was previously let at £21,000 pa.

Tenancy
Betfred are understood to be paying £26,400 p.a.
The lease dates from August 2007 for 15 years.
Betfred continue to trade from the unit and have stated that they would be willing to renew the lease for a further 5 years.

Planning
The first and second floors benefit from planning consent dating from March 2021 for the conversion to 6 x flats (1 bed)
Ref: APP/21/00128 (Wirral Council).
Works have commenced on the conversion but require completion.

Location
The property is situated in the main pedestrianised retailing position in the town, opposite the Cherry Square Shopping Centre.

Tenure: freehold
Title number: MS170281
Council Tax Band : n/a

Local Authority: Wirral

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Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
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Tenure: Freehold

Administration Fee: 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Buyer's Premium Fee: 1.2% inc VAT of the purchase price, payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.