Auction Property Details

187-195 Picton Road, Wavertree, Liverpool, L15 4LG

Lot 27 - 19.09.2013

SOLD AT £416,000

FOR SALE BY AUCTION 19TH SEPTEMBER 2013 - 187/195 PICTON ROAD, LIVERPOOL, L15 4LG

WHY BUY?
Substantial buildings and land
Current rent passing £52,500pa
Future development potential (subject to planning)
Site area circa 0.77 acre
Prime south Liverpool location

DESCRIPTION
Venmores have not inspected the property and all following information has been supplied by Jones Lang LaSalle, Liverpool. The property is being sold freehold and is currently let to HSS Hire Service Group Ltd on a 25yr FRI lease from 25th December 1991. Current rent passing is £52,500pa with the lease due to expire on the 24th December 2016. The property comprises an HSS Hire depot providing showroom, storage, repair and administrative depot, together with yard. Business rates at the premises are assessed at a rateable value of £51,000. All planning enquiries should be made directly to Liverpool City Council on 0151 233 3021.

Showroom: Modern construction with large display windows with metal security shutters at ground floor level. Internally - painted plastered walls, a suspended ceiling with recessed fluorescent lighting and a sealed concrete floor.

Warehouses: Part 1950's steel frame accessed via a metal roller shutter door and part 1980’s steel portal frame warehouse accessed from the rear via two metal roller shutter doors.

Offices & Storage: To the side of the warehouse there is a two storey office building. There is a further smaller storage building on the eastern boundary of the site.

Access: Shared entrance with the adjoining petrol filling station off Picton Road.

LOCATION
The subject property is 2½ miles south east of Liverpool city centre. The nearest train station is at Wavertree, 650 metres to the north, providing local services to Liverpool Lime Street, with West Coast mainline services available from Liverpool Lime Street. Local bus services are available on Picton Road connecting to Liverpool city centre. Liverpool John Lennon Airport is 5 miles to the south east.

ACCOMMODATION
All measurements have been supplied to Venmores by Jones Lang LaSalle, Liverpool, however we recommend that any interested party carry out their own inspections and measurements and that the details below be used as only a guide.

Showroom 3,158 sq ft (293.4 sq m)
Office (Ground & First) 3,552 sq ft (330 sq m)
Warehouses 9,223 sq ft (856.8 sq m)
External Store 767 sq ft (71.3 sq m)
Total 15,933 sq ft (1,480.2 sq m)

Site Area 0.77 acre (0.31 ha)

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.