Auction Property Details

Strand Tavern, 245 Strand Road, Bootle, L20 3HJ

Lot 11 - 28.05.2015

Available £90,000

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

THE STRAND TAVERN, 245 STRAND ROAD, BOOTLE, L20 3HJ

DEVELOPMENT

WHY BUY?
Development opportunity
Detached property
Potential to add value
Good rental location

DESCRIPTION
This is a large 3 storey detached former public house in Bootle. The property has the potential to be converted to provide residential accommodation subject to obtaining the relevant planning consents. A number of schemes have been looked into by the current owners, with one of the options being for development of 12 en-suite bedroom HMO If rooms were rented at £85 per week the property once developed, and fully let, has the potential for a gross annual income somewhere between £50,000 - £65,000pa, dependent on the number of rentable rooms in the approved scheme.

LOCATION
On the corner of Strand and Litherland Roads. The property has a good corner frontage in a mainly residential area of Bootle, North Liverpool. Bootle Town Centre is only a few minutes walk away with Liverpool City Centre 3 miles away.

ACCOMMODATION
Ground floor: Open plan lounge and games area with split level bar
First floor: Function room with bar area
Second floor: 2 bedroom flat

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.