Auction Property Details

579 Prescot Road, Old Swan, Liverpool, L13 5UX

Lot 23 - 26.11.2015

SOLD AT £65,000

FOR SALE BY PUBLIC AUCTION THURSDAY 26TH NOVEMBER 2015 AT LIVERPOOL TOWN HALL

579 PRESCOT ROAD, OLD SWAN, L13 5UX

COMMERCIAL

WHY BUY?
Prominent position
Ground Floor Retail Unit - A1 / A2
Potential flat conversion
Scope to add value
Good rental potential

DESCRIPTION
This is a mid terrace retail unit with accommodation/space to the upper 2 storeys. The retail unit has A1/A2 uses and consists of sales area to the front with storage and wc to the rear. To the upper floors there is scope to convert to provide a 2 bedroom flat with rear access, subject to the necessary consents. The potential total gross income would be circa £15,000pa if the retail until is let at £10,000pa and the flat at £5,000pa, but there is potential to achieve a much higher total rent. Ideal as a long term investment.

LOCATION
Fronting Prescot Road in Old Swan on a busy terrace of commercial retail units, with this being the only unit currently vacant. Footfall levels are high with this part of Old Swan having numerous retail units and high pedestrian flow at all times.

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.