Auction Property Details

85-86 Melrose Road, Liverpool, L4 1RP

Lot 5 - 28.05.2015

Available £90,000

FOR SALE BY PUBLIC AUCTION THURSDAY 28TH MAY 2015 AT LIVERPOOL TOWN HALL

85-86 MELROSE ROAD, KIRKDALE, LIVERPOOL, L4 1RP

MIXED USE

WHY BUY?
Development opportunity
Includes 2 refurbished flats
Rental income £9,600pa
Site extending to approximately 1,197m2

DESCRIPTION
A substantial sized mixed use property with considerable development potential. The site covers a total are of area of approximately 1,197m2 and could suit redevelopment for residential subject to the relevant permissions. The site offers access from both Melrose Road and Rumney Road West with a recently refurbished 2 bedroom flat and 1 bedroom studio fronting Melrose Road. The 2 bedroom flat is currently let by way of an Assured Shorthold Tenancy producing £5,400 per annum with the studio let at £4200pa, giving an annual income of £9,600pa. To the rear the site has been recently cleared leaving just a single storey office block and garage/workshop.

LOCATION
Situated fronting Melrose Road within close proximity to local amenities just a short walk from Kirkdale station and approximately 3 miles from Liverpool city centre.

ACCOMMODATION
Ground Floor: Open plan kitchen/living room, bedroom, shower room/WC
First Floor: Hall, lounge, kitchen, 2 bedrooms, bathroom/WC
To the rear: Single storey office block, garage/workshop, cleared site

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.