Auction Property Details

2 School Lane, Seaforth, Liverpool, L21 3TQ

Lot 46 - 19.07.2012

SOLD PRIOR

FOR SALE BY AUCTION ON 19TH JULY 2012 - 2 SCHOOL LANE, SEAFORTH, LIVERPOOL, L21 3TQ

COMMERCIAL

WHY BUY?
- Current rental income of �16,835 with potential to increase
- 4 Storey warehouse extending to 312�m
- Goods lift to all floors

DESCRIPTION/ LOCATION
A substantial four storey warehouse extending to approximately 312�m over four floors. There is a fully functional goods lift which serves all floors. The ground floor is let to a joinery contractor at a rent of �100 per week and the third floor is let to a motorcycle mechanic at a rent of �80 per week. There is a further income of �7,475 per annum from a phone mast located on the roof (this is by way of a 20 year agreement with a start date of 28/11/2008). The next rent review is on the 28/11/2013. The property would suit a variety of uses and offers an excellent investment opportunity.

The vendor has been approached by a Telecoms Surveyor with an interest in purchasing the income stream for the telecoms mast located on the roof. Details can be viewed with the legal pack.

The building has had recent improvements to include Upvc double glazing to the first three floors and necessary pointing to the brickwork. The main delivery doors have electric roller shutters. The property is fully alarmed and has a fully working spraybooth to the first floor.

The property is situated off Seaforth Road adjacent to Seaforth and Litherland Train Station approximately 3.5 miles from Liverpool city centre.

ACCOMMODATION
Set over four floors with flexible accommodation to provide workshop, office and storage with WC and kitchen facilities on the first floor

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.