Auction Property Details

53 Seaforth Road, Liverpool, L21 3TX

Lot 4 - 21.07.2015

SOLD £60,000

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

53 SEAFORTH ROAD, LITHERLAND, L21 3TX

INVESTMENT

WHY BUY?
Current income £9,600pa
Retail unit & flat
Central location
Ideal investment

DESCRIPTION
This is a three storey mixed use mid terrace property comprising of a ground floor retail unit trading as Beauty Rocks, with a separate two bedroom self contained flat to the upper floors. The ground floor unit is currently let on a 5 year lease from October 2013 at a rental of £350pcm/£4,200pa. The flat is accessed from the rear of the building and over first and second floors. It is currently let to a professional by way of an Assured Shorthold Tenancy holding over from 2013 at a rental of £450pcm/£5400pa. The property benefits from steel roller shutters and double glazing. With a total annual income of £9,600pa, if the property was purchased at £55,000, then the gross yield return would be over 17%. Ideal as a long term investment.

LOCATION
The property is situated on a busy main road close to its junction with the A5036 and in close proximity to Seaforth and Litherland Railway Station. Plenty of shops and amenities within walking distance and good public transport links to Liverpool City Centre.

ACCOMMODATION
Ground floor: Retail unit with shop floor, treatment room, kitchenette, WC, rear storage room
First floor: Kitchen, bathroom, living room
Second floor: 2 x double bedrooms
Outside: On-Street parking, yard to rear

NB - Venmores have not carried out an internal inspection of the 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.