Auction Property Details

2 St Johns Road, Wallasey, CH45 3LU

Lot 47 - 26.11.2015

SOLD AT £200,000


2 (A,B,C,D,E) St Johns Road, Wallasey Village, Wirral, CH45 3 LU

Substantial mixed use premises
3 Retail units - 2 Flats - 5 Garages
Potential income in excess of £30,000
Development potential STPP

A substantial mixed use premises comprising of 3 retail units, 2 x 1 bedroom self contained flats with 5 lock up garages to the rear. Currently producing £8,760 per annum with only one retail unit and the garages let, the property offers an excellent potential yield and fully occupied could produce in excess of £30,000 per annum.

The flats to the first floor are accessed via an attractive wide hallway and staircase. Both benefit from central heating and double glazing and only require a small scheme of mainly cosmetic upgrading prior to letting. The vacant retail units are ready to rent and could suit various retail/office uses.
Plans have been drawn ( available to view in the auctioneers offices) to convert the two vacant retail units into two self contained flats (1 x 1 bed and 1 x 2 bed) with a further 1 bed flat to the roof space all subject to the relevant permissions. This scheme would offer the potential to sell the flats individually and include a garage with each or hold as an investment.

2A: Vacant retail unit net internal area 46.92 m² (505 ft²) Sales area, rear store/kitchen area and WC
2B: Vacant retail unit net internal area 28.08 m² (302 ft²) Sales area, rear room and WC
2C: Retail unit trading as hairdressers let by way of a 6 year lease at £5,400 per annum( inclusive of a £600 per annum Building Insurance contribution).
2D: Self contained flat, lounge, kitchen, bedroom, bathroom/WC
2E: Self contained flat, lounge, kitchen, bedroom, bathroom/WC
5 x Lockup garages all let on month to month licences producing £3,360 per annum

Situated in a well established retail location close to the junction of Wallasey Village and Leasowe Road just a short walk from Wallasey Village Mersey-Rail Station. Well located for access to the motorway network with junction 1 of the M53 approximately 1 mile away.

Driveway and rear courtyard giving access to the garages. Further brick built outbuildings with store and WC

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.