4 bedroom mixed use for sale

7-9 Walton Road, Liverpool

Guide Price* £175,000

Property Description

Full description

For Sale by Auction 12th December 2018

WHY BUY?
William Hill let on 20yr lease
4 x 1 Bedroom self contained flats
Basement with potential for development
Close to Liverpool City Centre
Strong Rental Area

DESCRIPTION
A substantial 3 storey and basement freehold investment with retail unit to the ground floor and self-contained residential accommodation to the upper 2 floors. The retail accommodation is currently let to William Hill on an FRI lease for 20 years commencing 7th May 2010 at a rent of £5,850 per annum, with an outstanding upwards only rent review from 2015 and subsequent rent reviews every 5 years of the term.

The residential accommodation comprises of four x 1 bedroom self-contained flats all accessed from a separate side communal entrance. 2 the flats are currently tenanted on AST agreements at approx £400pcm.  Each flat benefits from double glazing and central heating, modern kitchens and shower rooms.  The potential annual income is in excess of £25,000 per annum fully occupied. 

LOCATION
Situated in a busy main road location within a neighbourhood retail parade fronting Walton Road approximately 1.5 miles north of the city centre.

ACCOMMODATION:
Basement: Large and expanding over whole footprint with potential to develop subject to consents
Ground Floor: Large retail unit let to William Hill on 20yr FRI lease from 2010
Flat 1 - First Floor: lounge, bedroom, kitchen, bathroom, 
Flat 2 - First Floor: lounge, bedroom, kitchen, bathroom
Flat 3 - Second Floor: lounge, bedroom, kitchen, bathroom
Flat 4 - Second Floor: lounge, bedroom, kitchen, bathroom
Outside: Yard to rear

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 £1000 + 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.
 


More information from this agent

Nearest stations

  • Sandhills (0.6 mi)
  • Bank Hall (0.7 mi)
  • Kirkdale (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Venmore, Auction Department

9 Dale Street Liverpool L2 2SH

0151 954 0351 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

  • Sandhills (0.6 mi)
  • Bank Hall (0.7 mi)
  • Kirkdale (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Venmore, Auction Department

9 Dale Street Liverpool L2 2SH

0151 954 0351 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 9251820. 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 Venmore, Auction Department. 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.

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*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 Venmore, Auction Department on 0151 236 6746.


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