Auction Property Details

3/3a Woodend Avenue, Hunts Cross, Liverpool, L25 0NY

Lot 36 - 26.11.2015

SOLD AT £130,000

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

3/3A WOODEND AVENUE, HALEWOOD, L25 0NY

INVESTMENT

WHY BUY
£10,500pa income
3 bedroom flat
Recently refurbished
Lease until Oct 2019
Corals in situ circa 1970

DESCRIPTION
This is a large double fronted retail unit to the ground floor with a large 3 bedroom flat to the first floor. Coral bookmakers have the whole property on a 10yr lease from October 2009 at a rent of £10,500pa, paid quarterly, however Corals have actually been leasing the retail unit for over 40yrs. The flat was recently refurbished to include new double glazing throughout. There is scope to change the terms of the lease when it expires to separate flat and retail on two different deals. By doing this there is the potential to increase the overall income for the property, with the retail unit's value alone circa £8,000 - £10,000 and the flat circa £550pcm/£6,600pa, giving the overall rental potential in excess of £16,000pa.

LOCATION
On the corner of Woodend and Higher Road in a small parade of shops with a high level of footfall and on-street parking outside. There are numerous other shops and amenities within walking distance. Liverpool City centre is only 8 miles away with regular buses close by and Hunts Cross Rail station a few minutes walk away.

ACCOMMODATION
Ground floor: Shop floor, sales counter, wc, store/office area
First floor: Living room, kitchen, 3 x bedrooms, bathroom
Outside: On-street parking to the front, yard and outside terrace to the 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.