Auction Property Details

189 County Road, Walton, Liverpool, L4 5PB

Lot 17 - 21.07.2015

AVAILABLE AT £75,000

FOR SALE BY PUBLIC AUCTION TUESDAY 21ST JULY 2015 AT LIVERPOOL TOWN HALL

189 COUNTY ROAD, LIVERPOOL, L4 5PB

INVESTMENT

WHY BUY?
Current income £12,000pa
Retail unit on 5yr lease
2 Bedroom flat
Good rental location

DESCRIPTION
This is a 3 storey middle terrace property that has been configured to provide a retail unit to the ground floor and large 2 bedroom flat to the upper floors. The retail unit is let by way of a 5 year lease since August 2013 at a rent of £500pcm/£6,000pa to World of Beds. The 2 bedroom flat has its own separate front entrance from County Road and is let by way of a 6 month AST from June 2015 at £500pcm/£6,000pa. This gives a total annual income of £12,000pa and if purchased at £75,000 would offer a gross rental yield of 16%. Ideal as a long term investment. Property benefits from double glazing and electric roller shutters.

LOCATION
Located on County Road in a busy parade of shops. Only 2.5 miles away from Liverpool City Centre with regular public transport. Access to Queens Drive direct from County Road.

ACCOMMODATION
Ground floor: Retail unit - large shop floor and storage
First floor: Kitchen, modern shower room, living room
Second floor: 2 x large double bedrooms
Outside: Yard to rear

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.