142 - 150 Borough Road, Seacombe, Wallasey, Merseyside CH44 6NH

Online Auction - 17 - 18th September 2024

x4 Retail Shops, 20 Bedroom HMO, x2 One Bedroom Flats & Garage/Storage - Potential Income of c£100,000pa

Briefly comprising a terrace of 5 interconnecting buildings, providing 4 shop units,20 bedsits (HMO), 2 one-bedroom apartments and single storey unit to the rear.

142 Borough Road
Vacant retail unit previously used as a Barber’s.

144 Borough Road
Tenanted and trading as Galaxy Tattoo.
The rent due under the lease is £300 monthly but we have been advised the tenant actually pays £375 per month.
Currently holding over as the lease term was from 4/07/2018 to 4/07/2020.

146 – 148 Borough Road
Tenanted by Quality Matters Ltd, who use the property as a (GoLocal) convenience store.
Rent is £1000pcm and the lease term is 6 years 11 months from 10/02/2023 expiring 10/02/2030.

150 Borough Road
Corner retail unit which is currently vacant.

37 Florence Road
One bedroom flat which we have been advised is currently rented at £450pcm.

Garage/Storage to Rear
To the left-hand side of 37 Florence Road, there is a garage suitable for storage which could potentially be rented out separately. We have been advised this is currently not tenanted.

HMO
It is understood to be a 20 bed HMO plus one bed flat all unoccupied.

The borrower had applied for a new licence, but this has been refused as works are required to bring the property up to standard. We have been told there is no hot water/heating and new fire doors are required.

Overall Potential Income of c£100,000pa.

For more information relating to the tenancies, please refer to the legal pack.

Tenure:
Freehold
Title number: MS54798, MS171984, CH26718, MS335028 & MS472384
Council Tax Band:
Business rates for all retail units.
Local Authority: Wirral

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip

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Tenure: Freehold

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