Auction Property Details

139 Prescot Road, Fairfield, Liverpool, L7 0LB

Lot 11 - 13.09.2012

SOLD PRIOR

FOR SALE BY AUCTION 13TH SEPTEMBER 2012 - 139 PRESCOT ROAD, LIVERPOOL, L7 0LB

COMMERCIAL

WHY BUY?
Estimated Gross Yield - 15.5%
Retail unit let on 3 year lease
2 x One bed self contained flats
Upvc double glazing

DESCRIPTION/ LOCATION
A mixed use investment comprising of a three storey middle terraced property arranged as ground floor retail unit with two self contained one bedroomed flats to the upper floors. The shop unit is let on a 3 year FRI lease commencing February 2012 at a rent of £4,990p.a. One flat is currently let by way of an Assured Shorthold Tenancy at a rental of £2,520p.a. Situated fronting a busy location on Prescot Road close to its junction with Sheil Road the property is in good condition throughout and offers excellent investment potential. The second flat has now been let at £3,480pa giving a total annual income of £10,990pa and a gross yield of 15.7%

ACCOMMODATION

Ground Floor: Lock up shop unit with sales area, rear storage area, WC

First Floor: Flat one, living room, kitchen, bedroom, bathroom/WC

Second Floor: Flat two, living room, kitchen, bedroom, bathroom/WC

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.